TY - BOOK ID - 138376431 TI - The Role for Deposit Insurance Funds in Dealing with Failing Banks in the European Union AU - Arda, Atilla. AU - Dobler, Marc. PY - 2022 SN - 1616358386 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - United States KW - Macroeconomics KW - Economics: General KW - Financial Risk Management KW - Banks and Banking KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Financial Institutions and Services: Government Policy and Regulation KW - Financial Institutions and Services: General KW - Economic & financial crises & disasters KW - Economics of specific sectors KW - Finance KW - Deposit insurance KW - Financial crises KW - Bank resolution KW - Bank resolution framework KW - Distressed institutions KW - Financial institutions KW - Financial safety nets KW - Currency crises KW - Informal sector KW - Economics KW - Crisis management KW - Financial services industry UR - https://www.unicat.be/uniCat?func=search&query=sysid:138376431 AB - This paper argues that in the European Union (EU) deposit insurance funds are too difficult to use in bank resolution and too easy to use outside resolution. The paper proposes reforms in three areas for the effective management of bank failures of small and medium-sized banks in the European Union: making resolution the norm for dealing with failing banks; establishing a common DIS for the European Union; and increasing funding and backstops for deposit insurance while removing constraints on their use for resolution measures. Without these changes, the European Union will continue to be challenged by banks that are too small for resolution and too large for liquidation. ER -