{"id":5485,"date":"2012-09-17T21:30:48","date_gmt":"2012-09-18T01:30:48","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5485"},"modified":"2012-09-17T21:30:48","modified_gmt":"2012-09-18T01:30:48","slug":"eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/","title":{"rendered":"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE"},"content":{"rendered":"<p>By Martin Hesse and Christoph Pauly<\/p>\n<blockquote><p>EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers&#8217; expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby is resisting any such change&#8230;&#8230;<\/p>\n<p>[Daniel Zimmer, head of the German Monopolies Commission] notes that Germany has already taken steps in the right direction. Under the new German restructuring law, when a bank is in trouble the most critical parts of the institution can be transferred to a bridge bank, allowing the remainder to be liquidated. In such cases, the shareholders and most of the bank&#8217;s creditors would not be compensated. A fund made up of contributions from banks would cover restructuring costs.<\/p>\n<p>But there is a problem with the new system. &#8220;In a worst-case scenario, a bank has to be split up into vital and other parts within a single weekend,&#8221; says Zimmer. &#8220;This is only possible if there is already a clear separation between the two parts beforehand.&#8221; This is why Zimmer believes it makes sense to establish the dividing line in advance, in a manner similar to what Britain&#8217;s Vickers Commission envisions.<\/p><\/blockquote>\n<p>via <a href='http:\/\/www.spiegel.de\/international\/business\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-a-856183.html'>EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Martin Hesse and Christoph Pauly EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers&#8217; expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby is resisting any such change&#8230;&#8230; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33],"tags":[2116,3434,3599],"class_list":["post-5485","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-liquidation-plan","tag-too-big-to-fail","tag-vickers-commission"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU Commission Considering Splitting Up Banks to Avoid Future Bailouts - SPIEGEL ONLINE - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts - SPIEGEL ONLINE - the patient investor\" \/>\n<meta property=\"og:description\" content=\"By Martin Hesse and Christoph Pauly EU Commissioner Michel Barnier has asked experts to examine the possibility of splitting up major European banks to avoid future bailouts at taxpayers&#8217; expense. But even less radical intervention in the banking sector could have drastic consequences for the industry, and its powerful lobby is resisting any such change&#8230;&#8230; &hellip; Continue reading &quot;EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-18T01:30:48+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE\",\"datePublished\":\"2012-09-18T01:30:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\"},\"wordCount\":232,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"liquidation plan\",\"too-big-to-fail\",\"Vickers Commission\"],\"articleSection\":[\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\",\"name\":\"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts - SPIEGEL ONLINE - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-09-18T01:30:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/17\/eu-commission-considering-splitting-up-banks-to-avoid-future-bailouts-spiegel-online\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EU Commission Considering Splitting Up Banks to Avoid Future Bailouts &#8211; SPIEGEL ONLINE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1qt","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":7572,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/28\/two-senators-try-to-slam-the-door-on-bank-bailouts-nytimes-com\/","url_meta":{"origin":5485,"position":0},"title":"Two Senators Try to Slam the Door on Bank Bailouts &#8211; NYTimes.com","author":"ColinTwiggs","date":"April 28, 2013","format":false,"excerpt":"This is a show-down between Wall Street and the voting public. Gretchen Morgenson at NY Times writes: THERE\u2019S a lot to like, if you\u2019re a taxpayer, in the new bipartisan bill from two concerned senators hoping to end the peril of big bank bailouts. But if you\u2019re a large and\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15591,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/07\/11\/new-bailouts-prove-too-big-to-fail-is-alive-and-well-wsj\/","url_meta":{"origin":5485,"position":1},"title":"New Bailouts Prove \u2018Too Big to Fail\u2019 Is Alive and Well | WSJ","author":"ColinTwiggs","date":"July 11, 2017","format":false,"excerpt":"By Neel Kashkari: Three strikeouts in four at bats would be barely acceptable in baseball. For a policy designed to prevent taxpayer bailouts, it\u2019s an undeniable defeat. In the past few weeks, four European bank failures have demonstrated that a signature feature of the postcrisis regulatory regime simply cannot protect\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7374,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/30\/when-you-werent-looking-democrat-bank-stooges-launch-bills-to-permit-bailouts-deregulate-derivatives-naked-capitalism\/","url_meta":{"origin":5485,"position":2},"title":"When You Weren\u2019t Looking, Democrat Bank Stooges Launch Bills to Permit Bailouts, Deregulate Derivatives \u00ab naked capitalism","author":"ColinTwiggs","date":"March 30, 2013","format":false,"excerpt":"Yves Smith reports on attempts to undermine the Volcker Rule and why the rule is so important: In the US, depositors have actually been put in a worse position than Cyprus deposit-holders, at least if they are at the big banks that play in the derivatives casino. The regulators have\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7317,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/26\/the-dijsselbloem-principle-felix-salmon\/","url_meta":{"origin":5485,"position":3},"title":"The Dijsselbloem Principle | Felix Salmon","author":"ColinTwiggs","date":"March 26, 2013","format":false,"excerpt":"Felix Salmon makes this succinct observation: If a gaffe is what happens when a politician accidentally tells the truth, what\u2019s the word for when a politician deliberately tells the truth? Dutch finance minister Jeroen Dijsselbloem, the current head of the Eurogroup, held a formal, on-the-record joint interview with Reuters and\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15286,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/15\/at-last-some-sensible-commentary-on-bank-levy-macrobusiness\/","url_meta":{"origin":5485,"position":4},"title":"At last, some sensible commentary on bank levy | MacroBusiness","author":"ColinTwiggs","date":"May 15, 2017","format":false,"excerpt":"From Leith van Onselen: ......The bank levy helps internalise some of the cost of the extraordinary public support that the big banks receive from taxpayers via the Budget\u2019s implicit guarantee (which provides a two-notch improvement in the banks\u2019 credit ratings), the RBA\u2019s Committed Liquidity Facility, the implementation of deposit insurance,\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19585,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/12\/20\/cracks-are-showing-in-chinas-debt-markets\/","url_meta":{"origin":5485,"position":5},"title":"Cracks are showing in China&#8217;s Debt Markets","author":"Colin Twiggs","date":"December 20, 2019","format":false,"excerpt":"\"You only learn who has been swimming naked when the tide goes out\u2026\" ~ Warren Buffett Beijing's de-leveraging campaign, to set the economy on a sustainable path, is starting to expose some of the excesses in financial markets. Local Government Local governments owe some 49 trillion yuan (about $7 trillion\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5485"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5485\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}