Architecture for Managing. Risks and Challenges. The New European. Bank Crisis in Europe:
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1 The New European Architecture for Managing Bank Crisis in Europe: Risks and Challenges Prof. Paul Moran Instituto de Estudios Bursátiles February 2014
2 US and Eurozone: Two Economic Areas with a Single Currency Global Association of Risk Professionals. All rights reserved.
3 Before 2008, Policymakers and Investors Did Not Take Into Account Certain Risks Global Association of Risk Professionals. All rights reserved.
4 SYSTEMATIC FINANCIAL CRISES (IMF) Global Association of Risk Professionals. All rights reserved.
5 The European Policymakers Reacted Well To The 2008 Crisis Global Association of Risk Professionals. All rights reserved.
6 But in 2010 everything changed Global Association of Risk Professionals. All rights reserved.
7 Current Account Risks (2008) Global Association of Risk Professionals. All rights reserved.
8 Current Account Risks ( ) Global Association of Risk Professionals. All rights reserved.
9 Financial Tensions During the Crisis Global Association of Risk Professionals. All rights reserved.
10 Comparison of Nevada and Ireland Global Association of Risk Professionals. All rights reserved.
11 Public Capital Injections Ireland: No Bailout & No Bail In Global Association of Risk Professionals. All rights reserved.
12 Banking Sector Assets As % of GDP Global Association of Risk Professionals. All rights reserved.
13 European Banks Needs Lender of Last Resort ECB LITRO Funds: Long-term Refinancing Operation Global Association of Risk Professionals. All rights reserved.
14 10 Year Government Bond Yields ( ) Global Association of Risk Professionals. All rights reserved.
15 Eurozone Needs Funds to Bailout Governments: EFSF & ESM & THE TROIKA Global Association of Risk Professionals. All rights reserved.
16 European Governments Needs A Lender of Last Resort ECB S Outright Monetary Transactions Program: A Sizeable Impact Global Association of Risk Professionals. All rights reserved.
17 European Governments Needs A Lender of Last Resort ECB S Outright Monetary Transactions Program: A Sizeable Impact Global Association of Risk Professionals. All rights reserved.
18 A Recovery Strategy: A Road Map to a Genuine EMU Global Association of Risk Professionals. All rights reserved.
19 A Recovery Strategy: A Road Map to a Genuine EMU Global Association of Risk Professionals. All rights reserved.
20 Imbalances For The Eurozone Are Very Diverse Global Association of Risk Professionals. All rights reserved.
21 European Semester Global Association of Risk Professionals. All rights reserved.
22 Financial Fragmentation Still Too High Global Association of Risk Professionals. All rights reserved.
23 THE BENFITS OF A EUROPEAN BANKING UNION Global Association of Risk Professionals. All rights reserved.
24 STEPS TO THE EUROPEAN BANKING UNION Global Association of Risk Professionals. All rights reserved.
25 BANKING FAILURES; LACK OF SUPERVISION Global Association of Risk Professionals. All rights reserved.
26 LEVERAGE BY INDUSTRY Global Association of Risk Professionals. All rights reserved.
27 LONG RUN CAPTIAL RATIOS Global Association of Risk Professionals. All rights reserved.
28 LONG RUN LIQUIDITY RATIOS Global Association of Risk Professionals. All rights reserved.
29 FROM BASEL II TO BASEL III Global Association of Risk Professionals. All rights reserved.
30 CRD IV: TRANSPOSITION OF BASEL Global Association of Risk Professionals. All rights reserved.
31 ECB AS THE SINGLE EUROPEAN SUPERVISIOR Global Association of Risk Professionals. All rights reserved.
32 RESOLUTION IS THE KEY Global Association of Risk Professionals. All rights reserved.
33 RESOLUTION: MAIN ELEMENTS Global Association of Risk Professionals. All rights reserved.
34 BAIL IN RULES: CREDITOR HIERARCHY & CONSTRAINED DISCRETION Global Association of Risk Professionals. All rights reserved.
35 BANKING UNION: STATE OF PLAY Global Association of Risk Professionals. All rights reserved.
36 EUROZONE: KEY DRIVERS AND TAIL RISKS Global Association of Risk Professionals. All rights reserved.
37 EUROZONE: KEY DRIVERS AND TAIL RISKS Global Association of Risk Professionals. All rights reserved.
38 EUROZONE: KEY DRIVERS AND TAIL RISKS Global Association of Risk Professionals. All rights reserved.
39 EUROZONE: KEY DRIVERS AND TAIL RISKS Global Association of Risk Professionals. All rights reserved.
40 EUROZONE: KEY DRIVERS AND TAIL RISKS Global Association of Risk Professionals. All rights reserved.
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