The Future of Financial Regulation

Johan A. Lybeck is CEO of Finanskonsult AB. As an academic, he has been, inter alia, a Chaired Professor of Economics, an Associate Research Professor of Econometrics and an Adjunct Professor of Finance. His banking career includes positions as Senior Vice President of Swedbank (Stockholm) in charge of financial strategy and Chief Economist at Matteus Bank. He is the author of A Global History of the Financial Crash of 2007–2010 (Cambridge, 2011).

Acknowledgements; List of abbreviations; Introduction; Part I. A Chronological Presentation of Crisis Events January 2007–December 2014; Part II. Bail-Out and/or Bail-In of Banks in Europe - A Country-by-Country Event Study on Those European Countries Which Did Not Receive Outside Support: 1. United Kingdom: Northern Rock, Royal Bank of Scotland (RBS), Lloyds Banking Group; 2. Germany: IKB, Hypo Real Estate, Commerzbank, Landesbanken; 3. Belgium, France, Luxembourg: Dexia; 4. Benelux: Fortis, ING, SNS Reaal; 5. Italy: Monte dei Paschi de Siena; 6. Denmark: Roskilde Bank, Fionia Bank and the others vs Amagerbanken and Fjordbank Mors; Part III. Bail-Out and/or Bail-In of Banks in Europe - A Country-by-Country Event Study on Those European Countries Which Received IMF/EU Support: 7. Iceland: Landsbanki, Glitnir and Kaupthing; 8. Ireland: Anglo Irish Bank, Bank of Ireland, Allied Irish Banks; 9. Greece: Emporiki, Eurobank, Agricultural Bank; 10. Portugal: Caixa Geral, Banco Espirito Santo, Millennium Bank; 11. Spain: Bankia and the other ex-cajas; 12. Cyprus: Bank of Cyprus, Popular Bank (Laiki); Part IV. The Tarp Program and the Bailing Out (and Bailing In) of US Banks: 13. The roles of the FDIC, the Treasury and the Fed in the crisis; 14. USA: Bear Stearns, Merrill Lynch and Lehman Brothers; 15. USA: Countrywide, IndyMac, Washington Mutual and Wachovia; 16. USA: AIG, Citibank and Bank of America: zombies too big to fail?; Part V. Summary of the Micro Studies; Part VI. Political and Regulatory Responses to the Crisis - To Bail Out or To Bail In, That's the Question: 17. Future bail-outs in the United States under Dodd-Frank and OLA; 18. Future bail-outs in the European Union under the Single Resolution Mechanism and the Bank Recovery and Resolution Directive; Conclusion: towards host-country supervision and resolution?; Addendum; Bibliography; Index.