Publicação
EU Bank recapitalisation and the bail-in option: an analysis of the effects of mandatory bail-in on creditors’ property rights
| dc.contributor.author | Maguze, Tracy Chiyedza | |
| dc.date.accessioned | 2021-06-11T09:40:10Z | |
| dc.date.available | 2021-06-11T09:40:10Z | |
| dc.date.issued | 2016 | |
| dc.description.abstract | As of 1 January 2016, all members of the European Union (EU) are required to have bail-in provisions as part of their national bank resolution and recapitalisation legislation. The bail-in of bank creditors’ claims in order to recapitalise the bank is not a new phenomenon, it was utilised in Cyprus in 2013 and has since been used in a series of rescue operations launched for struggling banks in Austria, Slovenia, Greece, Italy, Hungary, Denmark, and Portugal. One of the most obvious concerns with the bail-in tool is that it deprives bank creditors of their property, namely a right to claim repayment of a debt obligation. The object of this paper is to determine if bail-in rules actually interfere with the right to property of bank creditors and whether such interference is unjustified. The paper concludes that, firstly, bail-in amounts to an interference with peaceful enjoyment of property and, secondly, such interference cannot be justified because bail-in rules fall short of the legality and legitimacy requirements which must be met when the State interferes with the right to property. Bail-in rules infringe bank creditors’ right to property and, as such, present a legal risk to resolution authorities in Member States. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.14324/111.2052-1871.070 | pt_PT |
| dc.identifier.issn | 2052-1871 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/33579 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.subject | Right to property | pt_PT |
| dc.subject | European bank recovery and resolution | pt_PT |
| dc.subject | Bail-in | pt_PT |
| dc.title | EU Bank recapitalisation and the bail-in option: an analysis of the effects of mandatory bail-in on creditors’ property rights | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 238 | pt_PT |
| oaire.citation.issue | 2 | pt_PT |
| oaire.citation.startPage | 207 | pt_PT |
| oaire.citation.title | Journal of Law and Jurisprudence | pt_PT |
| oaire.citation.volume | 5 | pt_PT |
| person.familyName | Maguze | |
| person.givenName | Tracy Chiyedza | |
| person.identifier.orcid | 0000-0001-7175-9688 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | 3f9762d4-dffb-46c6-aa81-dbde25c04803 | |
| relation.isAuthorOfPublication.latestForDiscovery | 3f9762d4-dffb-46c6-aa81-dbde25c04803 |
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