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Ioannis G. Asimakopoulos

Ioannis G. Asimakopoulos

PhD
Researching on and practising international and European financial regulation, with particular focus on bank resolution

About

22
Publications
4,488
Reads
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66
Citations
Citations since 2017
22 Research Items
65 Citations
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Introduction
Ioannis G. Asimakopoulos is an Associate at Herbert Smith Freehills LLP in the financial services regulation team in London, UK, and an Adjunct Lecturer at the University of Luxembourg. Prior to that he worked as Bank Resolution Expert at Single Resolution Board. Ioannis has also worked at the Faculty of Law, Economics and Finance, University of Luxembourg conducting research in financial law with a particular focus on Bank Resolution and Investor Protection.
Additional affiliations
February 2017 - January 2020
University of Luxembourg
Position
  • PhD Student

Publications

Publications (22)
Article
EU’s response to the recent Euro-crisis has involved a mixture of EU and international law, with the latter being linked to all the arrangements that may have fiscal implications for national Member States. The SRF embodies all the controversial characteristics of Banking Union. This article illustrates the legal implications that this political ch...
Article
Full-text available
As part of financial market infrastructures, central counterparties (CCPs) have long been deemed systemically important and are likely to gain in importance due to the regulatory developments mandating central clearing for an increasing number of financial products. This paper focuses on the regulation as well as the recovery and resolution of CCPs...
Article
Full-text available
The establishment of Banking Union and the Single Resolution Mechanism has been arguably a success for the Eurozone. However, the enforcement of the new rules seems to meet significant challenges related to legacy problems that could make bank resolution economically and politically unfavourable for Member States. Italy and the two Veneto banks tha...
Article
Full-text available
The EU bank resolution framework relies heavily on banks' internal capacity for loss-absorption and recapitalization through the issuance of bail-inable financial instruments (MREL). Meanwhile, the existing collective funding arrangements (resolution and deposit insurance funds) seem inadequate to support other alternatives, such as resolution tran...
Article
Full-text available
This paper examines the political economy and law of bank resolution in the case of Italy—specifically its treatment of three failing banks that were resolved in 2016/2017—Monte de Paschi, Veneto and Vicenza banks. These three cases stand out for the relatively large degree of discretion exercised by national resolution and state aid authorities, u...
Article
Our contribution demonstrates and explains the ineffectiveness of European Union (EU) bank resolution rules, a core element of Banking Union. This inadequacy owes in large part to the limited access to and insufficient availability of EU resolution funds and inadequate national deposit guarantee schemes in most EU member states, in conjunction with...
Article
1. Introduction Financial market infrastructures (FMIs) consist of payment systems, trading venues, securities settlement systems (including central securities depositories (CSDs)), central clearing counterparties (CCPs) and trade repositories. Together, they constitute the plumbing of the financial system, which helps facilitate payments and trade...
Conference Paper
Full-text available
The EU bank resolution framework relies heavily on banks' capacity for loss-absorption and recapitalization through the issuance of bail-inable financial instruments (MREL). Meanwhile, the existing collective funding arrangements (resolution and deposit insurance funds) seem inadequate to support any other alternative, such as transfer strategies o...
Chapter
Full-text available
Within Banking Union, the Single Resolution Board (Board) was established as an EU agency with extensive decision-making powers both at the preventive phase of resolution planning and the resolution phase, when a resolution scheme needs to be actually applied. Such powers can be directly addressed to credit institutions, circumventing the National...
Article
Full-text available
The establishment of the Single Resolution Board (SRB) has pushed the constitutional boundaries of agencification further. After elaborating on the SRB's powers and safeguards, one can argue that its governance structure combined with its policy-making powers distinguish the SRB from all other agencies. While trying to assess its legality of establ...
Preprint
Full-text available
Within Banking Union, the Single Resolution Board (Board) was established as an EU agency with extensive decision-making powers both at the preventive phase of resolution planning and the resolution phase, when a resolution scheme needs to be actually applied. Such powers can be directly addressed to credit institutions, circumventing the National...
Preprint
The establishment of Banking Union and the Single Resolution Mechanism has been arguably a success for the Eurozone. However, the enforcement of the new rules seems to meet significant challenges related to legacy problems that could make bank resolution economically and politically unfavourable for Member States. Italy and the two Veneto banks tha...
Chapter
The process of agencification does not constitute per se an innovation within the EU legal order. It embodies, in many occasions, the transition from national schemes of administration to more centralised, politically neutral agencies that allow for a higher level of expertise at the Union level and better coordination of cross-border activities; i...

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Projects

Projects (4)
Project
- Assess the effectiveness and credibility of the current bank resolution architecture for GSIBs and financial infrastructures.
Archived project
- Assessing the legality of establishment and empowerment - Assessing its credibility in times of crisis