The insolvency of cross border banking groups: problems and perspectives

Costanza Anselma Russo
This thesis discusses the current range of legal and economic problems related to the insolvency of cross border banking groups. The first aim is to show how the actual structure and internal organisation of such groups make them «too big to fail» institutions. Their funding preferences, their soft budgets constraints and their presence in different member States increase the likelihood of contagion and the adverse systemic impact of their failure. A great role is played...