Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Back to bailouts? Lawyers reflect on spate of European bank resolutions

By Jack Barton

11 July 2017

Back to bailouts? Lawyers reflect on spate of European bank resolutions Siena, home of Monti dei Paschi iStock.com/franckreporter

Over the course of the past five weeks, the European Commission has approved resolution schemes for four troubled regional banks in Italy and Spain, authorising up to €22 billion of state aid. Lawyers tell GRR that this serves as a reminder that political pressures continue to define governments’ approaches to bank resolution.