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The role of banks' management in the EU resolution regime for NPLs
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Kokkinis, Andreas and Miglionico, Andrea (2020) The role of banks' management in the EU resolution regime for NPLs. Journal of Financial Regulation, 6 (2). pp. 204-232. doi:10.1093/jfr/fjaa007 ISSN 2053-4833.
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WRAP-Role-banks-management-EU-resolution-regime-NPLs-Kokkinis-2020.pdf - Accepted Version - Requires a PDF viewer. Download (925Kb) | Preview |
Official URL: https://doi.org/10.1093/jfr/fjaa007
Abstract
During the global financial crisis, the growth of non-performing loans (NPLs) was partly a consequence of lack of regulatory oversight and poor bank internal processes. NPLs require intrusive monitoring tools and effective corporate governance is crucial in dealing with the deterioration of loans; however, perverse incentives to delay their recognition leave the process at risk. The EU legislation has adopted a set of regulatory measures to resolve and restructure non-performing exposures. While existing literature approaches NPLs from a regulatory and accounting perspective, this article takes a distinctive corporate governance view in order to conceptualize the NPL problem. The strategies through which senior management and shareholder incentives may undermine regulatory objectives on NPL disclosure are identified and an evidence-based approach to reconsidering and settling these problems is advanced.
Item Type: | Journal Article | ||||||||
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Subjects: | H Social Sciences > HG Finance | ||||||||
Divisions: | Faculty of Social Sciences > School of Law | ||||||||
Library of Congress Subject Headings (LCSH): | Debt -- European Union countries, Banks and banking -- European Union countries, Bank management -- European Union countries, Bank loans -- European Union countries | ||||||||
Journal or Publication Title: | Journal of Financial Regulation | ||||||||
Publisher: | Oxford University Press | ||||||||
ISSN: | 2053-4833 | ||||||||
Official Date: | 20 September 2020 | ||||||||
Dates: |
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Volume: | 6 | ||||||||
Number: | 2 | ||||||||
Page Range: | pp. 204-232 | ||||||||
DOI: | 10.1093/jfr/fjaa007 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Reuse Statement (publisher, data, author rights): | This is a pre-copyedited, author-produced version of an article accepted for publication in Journal of Financial Regulation following peer review. The version of record Andreas Kokkinis, Andrea Miglionico, The Role of Bank Management in the EU Resolution Regime for NPLs, Journal of Financial Regulation, , fjaa007, https://doi.org/10.1093/jfr/fjaa007 is available online at: https://doi.org/10.1093/jfr/fjaa007 | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 7 July 2020 | ||||||||
Date of first compliant Open Access: | 5 August 2022 | ||||||||
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