European Bank Restructuring During the Global Financial Crisis

This book explores the diversity of restructuring instruments applied to financial institutions in EU countries during the Global Financial Crisis. It investigates the cost of that support before evaluating its effects, as well as providing an extensive a

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Intermediaries and Markets Crisis Management Procedures, Sanctions, Alternative Dispute Resolution Systems and Tax Rules Fayaz Ahmad Lone ISLAMIC FINANCE Its Objectives and Achievements Valerio Lemma THE SHADOW BANKING SYSTEM Creating Transparency in the Financial Markets Imad A. Moosa GOOD REGULATION, BAD REGULATION Elisa Menicucci FAIR VALUE ACCOUNTING Key Issues arising from the Financial Crisis Anna Omarini RETAIL BANKING Business Transformation and Competitive Strategies for the Future

Palgrave Macmillan Studies in Banking and Financial Institutions Series Standing Order ISBN: 978–1–403–94872–4 (outside North America only) You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England

European Bank Restructuring During the Global Financial Crisis Małgorzata Iwanicz-Drozdowska Professor, Warsaw School of Economics, Poland

Jakub Kerlin Ph.D. Candidate, Warsaw School of Economics, Poland

Anna Kozłowska Ph.D. Candidate, Warsaw School of Economics, Poland

Elżbieta Malinowska-Misiąg Assistant Professor, Warsaw School of Economics, Poland

Agnieszka Nowak Assistant Professor, Warsaw School of Economics, Poland

Paweł Smaga Assistant Professor, Warsaw School of Economics, Poland

Piotr Wisniewski Assistant Professor, Warsaw School of Economics, Poland

Bartosz Witkowski Associate Professor, Warsaw School of Economics, Poland

© Warsaw School of Economics 2016 Softcover reprint of the hardcover 1st edition 2016 978-1-137-56023-0 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2016 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe a