References of "Asimakopoulos, Ioannis 50026394"
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See detailThe Veneto Banks Resolution: It Shall Be Called ‘Liquidation’
Asimakopoulos, Ioannis UL

in European Company Law (2018), (5),

The establishment of Banking Union and the Single Resolution Mechanism has been arguably a success for the Eurozone. However, the enforcement of the new rules seems to meet significant challenges related ... [more ▼]

The establishment of Banking Union and the Single Resolution Mechanism has been arguably a success for the Eurozone. However, the enforcement of the new rules seems to meet significant challenges related to legacy problems that could make bank resolution economically and politically unfavourable for Member States. Italy and the two Veneto banks that were liquidated under national laws in June 2017 constitute such a case. However, this paper argues that this ‘orderly liquidation’ was, in essence, a hidden resolution, which raises logical legality concerns as to the actions ultimately taken by the European and national resolution authorities. The fact that public interest for resolution was not found by the Single Resolution Board, but was instead established by the Commission to provide liquidation aid on the grounds of 107(3)(b) TFEU, combined with the reasoning of the Commission’s decision do not seem to conform with the bank resolution and state aid rules currently in place. [less ▲]

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See detailInto the Μaze of Legitimacy and Efficiency; the Single Resolution Board as a Necessity
Asimakopoulos, Ioannis UL; Lamaris-Adamis, Christos

in Dogaru, Tatiana-Camelia (Ed.) (Re)forming Public Administration Paradigms in Global Governance Context (2018)

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See detailInternational law as a Negotiation tool in Banking Union; the case of the Single Resolution Fund
Asimakopoulos, Ioannis UL

in Journal of Economic Policy Reform (2018)

EU’s response to the recent Euro-crisis has involved a mixture of EU and international law, with the latter being linked to all the arrangements that may have fiscal implications for national Member ... [more ▼]

EU’s response to the recent Euro-crisis has involved a mixture of EU and international law, with the latter being linked to all the arrangements that may have fiscal implications for national Member States. The SRF embodies all the controversial characteristics of Banking Union. This article illustrates the legal implications that this political choice creates, and how the interrelation between the SRM, the SRF and the ESM, allows leading economies, including Germany, to control the resolution framework both before and after crisis. This raises questions as to the direction that European Integration is taking and its highly nationalised character. [less ▲]

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See detailInternational Law and the Single Resolution Fund
Asimakopoulos, Ioannis UL

Presentation (2017, September 22)

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