restructuring latest publications

November 17, 2017

The future of banking in Europe: Drivers and consequences of further consolidation

Some voices are defending the need for further consolidation as a way of fixing the problems remaining in the European banking system. While further consolidation has some advantages, it also implies some drawbacks and costs. This paper discusses the implications of consolidation for financial stability, solvency, efficienc…

May 26, 2014

The restructuring of the Spanish banking sector up to the recovery of credit flows

The Spanish banking sector has gone through one of the most comprehensive and thorough restructurings in the eurozone. This paper reviews the successive measures taken to reform the banking sector since the crisis began, particularly those adopted from February 2012 onwards to adjust asset value, the signing of the Memorand…