Bail-in i zaštita dioničara i vjerovnika banke

master's thesis

• Title (english): Bail-in and protection of bank shareholders and creditors
• Author: Karlo Ivšić
• Mentor: Siniša Petrović (mentor)
• Committee member: Siniša Petrović (predsjednik povjerenstva)
• Committee member: Tomislav Jakšić (član povjerenstva)
• Committee member: Antun Bilić (član povjerenstva)
• Granter: University of Zagreb; Faculty of Law; (Company Law and Company Law); Zagreb
• Defense date and country: 2024-02-08, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Law

Abstract

Nakon zadnje financijske krize 2008 godine, EU je krenula u regulaciju bankarskog sektora s ciljem zaštite povjerenja u financijski sustav i sprečavanja štetnih posljedica moralnog hazarda. Novim okvirom sanacije banaka uveden je instrument unutarnje sanacije (eng. Bail-in) banaka gdje troškove sanacije u prvom redu snose dioničari i vjerovnici sanirane banke u, što predstavlja opreku dotadašnjem bailout-u – spašavanju posrnule banke novcem poreznih obveznika. Kao zaštitna mjera propisano je načelo da dioničari i vjerovnici u sanaciji ne smiju pretrpjeti veće gubitke nego li bi pretrpjeli u redovnom insolvencijskom postupku. Rad se bavi tematikom zaštite dioničara i vjerovnika banke u sanaciji kojima su sanacijskim mjerama oduzeti instrumenti vlasništva. Dat je prikaz prakse Europskog suda za ljudska prava i Suda Pravde Europske Unije kada je odlučivao o zakonitosti takvih i sličnih mjera u slučajevima sanacije europskih banaka u nedavnoj povijesti. Također posebna pozornost obraćena je na načine ostvarivanja sudske zaštite – tužbom za poništaj iz čl. 263 TFEU-a s posebnim naglaskom na ispunjenje procesnih kriterija prilikom podnošenja tužbe.

Abstract (english)

After the last financial crisis in 2008, the EU embarked on regulating the banking sector with the aim of safeguarding confidence in the financial system and preventing the harmful consequences of moral hazard. The new bank resolution framework introduced the instrument of internal bank resolution, known as "bail-in," where the costs of resolution are primarily borne by the shareholders and creditors of the bank undergoing resolution. This represents a contrast to the previous practice of bailout, which involved rescuing a struggling bank with taxpayers' money. As a protective measure, the principle “No creditor worse off” was established - shareholders and creditors undergoing resolution should not incur greater losses than they would in a regular insolvency proceeding. This paper focuses on the protection of bank shareholders and creditors in the context of resolution, where ownership instruments are taken away through resolution measures. The paper provides an overview of the practices of the European Court of Human Rights and the Court of Justice of the European Union when deciding on the legality of such measures in cases of the resolution of European banks in recent history. Special attention is also given to the ways of seeking judicial protection, particularly through an action for annulment under Article 263 of the Treaty on the Functioning of the European Union (TFEU), with a specific emphasis on meeting procedural criteria when filing the action for annulment.

• Keywords: Alat unutarnje sanacije; sanacija banaka; zaštita dioničara i vjerovnika; tužba za poništaj; BRRD Direktiva; SRM Uredba
• Keywords (english): Bail-in tool; bank resolution; protection of shareholders and creditors; action for annulment; BRRD Directive; SRM Regulation
• Language: croatian
• URN:NBN: urn:nbn:hr:199:694654
• Study programme: Title: Law; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar/magistrica prava (sveučilišni magistar/magistrica prava)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-02-12 09:50:40