Even in financial crises, rules apply – in the case of cross-border crises also, and above all, those of European law. What scope does European law give crisis managers and where does it set limits? “Lender of Last Resort – Banking Crises and Crisis Management” shows when Member States are (allowed to) act as crisis managers and when this competence is transferred to the European Union.
The work further analyzes which EU state aid law requirements the crisis managers have to observe. The author always includes economic aspects in her legal analysis. Ultimately, it is also a question of whether the existing rules and their application meet the requirements of a financial crisis.