Market discipline in the EU banking sector and the Bank Recovery and Resolution Directive
In this episode we talk to Michal Dorociak from the Warsaw University. His research focusses on the Bank Recovery and Resolution Directive that was introduced post financial crisis. The aim of the system is to allow for a controlled solution for large banks and counteracts the too big to fail conundrum. In this episode we discuss the system and whether it introduced the market discipline that is aimed for.