Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/293919 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Credit and Capital Markets – Kredit und Kapital [ISSN:] 2199-1235 [Volume:] 54 [Issue:] 4 [Year:] 2021 [Pages:] 505-531
Publisher: 
Duncker & Humblot, Berlin
Abstract: 
After the prudential requirements introduced by EMIR in 2012, the European Union took a further step when it adopted a regulation in 2021 on the framework for the recovery and resolution of central counterparties. The regulation is based on the bank recovery and resolution directive of 2014. This paper provides a critical overview of the new regulation by focusing on the question of whether the bank resolution tools are useful and effective in the case of central counterparty resolutions.
Subjects: 
central counterparties
CCP
EMIR
Dodd-Frank Ac
clearinghouses
OTC derivatives
financial market stability
recovery
resolution
resolution authority
BRRD
JEL: 
K23
G23
G33
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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