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Supervision of the financial system in the European Union
Žáček, Ondřej ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
1 Abstract This master thesis deals with the arrangement of the supervision of the financial system in the European Union. Its content and structure is strongly tied with two principal supervisory pillars - European System of Financial Supervision (ESFS) and Single Supervisory Mechanism (SSM). The first chapter starts with the historical background of the European financial supervision and proceeds to the recent global Great recession which motivated the reforms that led to the current state of the supervisory structure. The operation of the ESFS and SSM is thoroughly explained in chapters two and three respectively, moreover I cover their interaction with national supervisory authorities and special emphasis is put on the role of the Czech National Bank. Several controversial issues are also reflected in the course of the thesis, ie. rather regulatory than supervisory role of the European supervisory authorities which contradicts the initially declared intentions, their low operability or quite illusory legislative demand of extensive independence of national representatives when they stand for their respective home authorities in the European institutions. The emphasis on the Czech Republic is evident from the sub-chapter regarding the potential entry into the close cooperation with the Single Supervisory...
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Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union
Kropjok, Vít ; Kohajda, Michael (referee)
Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union Abstract: The 2007-8 financial crisis brought about the most severe economic contraction since the Great Depression. Regulators on both sides of the Atlantic were taken aback and soon realized that they had no tools to deal with distressed banks and other financial services firms, failure of which could undermine financial stability not only within individual states, but also on a global scale. As a result, central banks of in particular the United States and the Eurozone became the most important actors in the fight against the unfolding crisis and de facto the only "governmental agencies" capable of swift and decisive measures. Their timely and vigorous reaction most likely warded off the collapse of the global financial system, though it was not without controversies. These controversies are analyzed in this dissertation in order to find out what role should central bank have during financial crisis. Governments followed central banks with massive bank bailouts. In many countries, governments went beyond liquidity provision and nationalized their banks, which threatened their own solvency. Although the global financial system has been largely restored in the last decade, it has been achieved at huge...
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The European Central Bank's position in the European law. Supervisory competences of the European Central Bank within the system of Banking union.
Marečková, Markéta ; Tomášek, Michal (advisor) ; Vondráčková, Aneta (referee)
Supervisory competences of the European Central Bank within the system of Banking union Abstract The thesis theme "Supervisory competences of the European Central Bank" aims the goal of the thesis towards the exact explanation of the ECB's supervisory powers and to definition of the circumstances and the scope of the ECB's competences within the Framework of the Single supervisory mechanism . The thesis also sets a hypothesis to be confirmed that the performance of the supervisory powers has changed and strengthened the position of the ECB among the other EU institutions. The thesis is mapping all the elements of the setting of rules of the Single Supervisory mechanisms and the beginning of the Banking union in practice and follows the progress of the transformation of the supervisory powers up to nowadays view. The whole process is determined also by the CJEU who is co-creating the image of the functioning of the first pillar of the banking union. The thesis is split into several chapters that have a logical sequence. First of them is dedicated to the definition of the core legislature of the banking union and of monitoring the circumstances that has led to the foundation of the banking union. The second one is describing the inner structure of the banking union and also the legal basis of the banking...
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Evaluation of the Impact of Banking Regulation on the Stability of Banking Sector in CEE EU Members
Wang, Mengyao ; Jeřábek, Petr (advisor) ; Ji, Yuemei (referee) ; Svoboda, Karel (referee)
The thesis studies the impact of European banking regulatory reforms on the stability of Central and Eastern European countries after the financial crisis with the annual data from Hungary, Poland, Slovakia, and Slovenia from 2009 to 2019. The thesis reaches several conclusions. Firstly, increasing minimum Tier 1 capital adequacy ratio through CRR/CRD IV did not significantly promote the bank stability in sample countries. However, total capital adequacy ratio is found to have positive and significant association with overall insolvency risk. Secondly, relaxing restrictions would have negative impact on bank stability measured by bank z-score. Thirdly, countries that are more open on the regulation may have more stable banks, while tighter entry restrictions boost bank fragility. Fourthly, when only taking deposit insurance variables as explanatory variables, increasing the level of deposit insurance coverage may dampen the bank stability. However, when controlling other regulation and supervision indexes, the results do not show any significant effect of deposit insurance scheme on bank z-score. Lastly, the supervisory variables are not significantly associated with bank stability in sample countries.
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Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union
Kropjok, Vít ; Kohajda, Michael (advisor) ; Vybíral, Roman (referee) ; Radvan, Michal (referee)
Ideal Crisis Management Mechanism for Credit Institutions and Investment Firms in the European Union Abstract: The 2007-8 financial crisis brought about the most severe economic contraction since the Great Depression. Regulators on both sides of the Atlantic were taken aback and soon realized that they had no tools to deal with distressed banks and other financial services firms, failure of which could undermine financial stability not only within individual states, but also on a global scale. As a result, central banks of in particular the United States and the Eurozone became the most important actors in the fight against the unfolding crisis and de facto the only "governmental agencies" capable of swift and decisive measures. Their timely and vigorous reaction most likely warded off the collapse of the global financial system, though it was not without controversies. These controversies are analyzed in this dissertation in order to find out what role should central bank have during financial crisis. Governments followed central banks with massive bank bailouts. In many countries, governments went beyond liquidity provision and nationalized their banks, which threatened their own solvency. Although the global financial system has been largely restored in the last decade, it has been achieved at huge...
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Analysis of the current state of the banking union
Sluka, Petr ; Blahová, Naďa (advisor) ; Marková, Jana (referee)
This bachelor thesis aim to bring near look to development of banking union building, describing single parts, explains under what circumstances was established, examines current state and evaluates its current and potential contribution or the risks which go alongside with banking union. It describes how European Union approaches to bank regulation and supervision and what lessons it has learned from financial crisis. It also predict the future structure of banking union and banking sector in Europe and analyzes the development of values, related to banking supervision and regulation.
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Supervision of the financial system in the European Union
Žáček, Ondřej ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
1 Abstract This master thesis deals with the arrangement of the supervision of the financial system in the European Union. Its content and structure is strongly tied with two principal supervisory pillars - European System of Financial Supervision (ESFS) and Single Supervisory Mechanism (SSM). The first chapter starts with the historical background of the European financial supervision and proceeds to the recent global Great recession which motivated the reforms that led to the current state of the supervisory structure. The operation of the ESFS and SSM is thoroughly explained in chapters two and three respectively, moreover I cover their interaction with national supervisory authorities and special emphasis is put on the role of the Czech National Bank. Several controversial issues are also reflected in the course of the thesis, ie. rather regulatory than supervisory role of the European supervisory authorities which contradicts the initially declared intentions, their low operability or quite illusory legislative demand of extensive independence of national representatives when they stand for their respective home authorities in the European institutions. The emphasis on the Czech Republic is evident from the sub-chapter regarding the potential entry into the close cooperation with the Single Supervisory...
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Analysis of the approaches of Central and Eastern European countries towards their membership in the Banking union
Samuelis, Tomáš ; Dvořák, Petr (advisor) ; Fleischmann, Luboš (referee)
The goal of this thesis is to analyze the approaches of countries in Central and Eastern European region towards their membership in the Banking Union. The selected topic has been investigated based on structural characteristics of the banking sectors of the impacted countries. The comparison of these characteristics resulted in identification of inconsistencies between the 2 standpoints (Opt-in and Opt-out). The thesis monitors the motivation of banks in choosing or changing the legal form of 'their' banks in host markets. The work identifies areas in which the host government can act to prevent banks from converting into branches, thus retaining the regulatory powers in local authorities. The thesis in the first 2 chapters maps the first and the second pillar of the Banking Union, Single Supervisory Mechanism and the Single Resolution Mechanism respectively. Furthermore, it summarizes the results of the European Central Bank in carrying out the Comprehensive Assessment exercise.
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Analysis of participation of the Czech Republic in the Banking Union
Spáčilová, Monika ; Štěpánek, Pavel (advisor) ; Ševčíková, Michaela (referee)
The aim of the diploma thesis is to evaluate possible benefits and limits of The Czech Republic participation in the Banking Union. After the global financial crisis, Banking Union concept was undertaken as a response to decline of market confidence in the euro area banking systems. The Czech Republic is a country outside the euro area, therefore has an option to enter to the Banking Union by close cooperation agreement with the ECB. Historic development and structure of the Banking union is presented with the context of bank regulation genesis in European Union. After the theoretical part, thesis provides specific attributes of Czech financial markets and create a comparison of selected data among Czech Republic and European Union member states. Based on the detailed analysis of the relevant aspects, benefits and risks of the Banking union membership are provided.
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Economic and legal aspects of the banking union of the EU
JECHOVÁ, Hana
This thesis deals with the project of the banking union of EU. The theoretical part contains an integrated description of this significant project, for example a reason of the formation, the explanation of all components and the legislation that is related to the banking union. The practical part analyses the real impacts of the banking union on the Czech Republic and Slovakia and the eventual impacts on Czech Republic, in case it decides to join the banking union.
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