The European Commission’s proposal for European safe bonds (ESBies) will not entice low-rated banks away from holding risky...
Docteur es Sciences Economiques from the Université Catholique de Louvain and Master of Business Administration from Cornell University, Jean Dermine is Professor of Banking and Finance at INSEAD. Jean Dermine is directing Risk Management in Banking and Strategic Management in Banking.
Author of numerous articles on Asset & Liability Management, European Financial Markets, and the Theory of Banking, Jean Dermine has published five books, among which:European Capital Markets with a Single Currency (Oxford University Press), and Bank Valuation and Value-based Management (McGraw-Hill). His research papers have appeared in the Journal of Financial Intermediation, Journal of Money, Credit and Banking,Journal of Banking and Finance, as well as in other academic and professional journals. Laureate of the EIB Prize for his essay Eurobanking, a New World, he is co-author of ALCO Challenge, a computer-based training simulation used in Europe, Africa, the Americas, and Asia.
Jean Dermine has been Visiting Professor at the Wharton School of the University of Pennsylvania, at the Universities of Louvain and Lausanne, CESAG in Dakar, a Salomon Center Visiting Fellow at New York University, and a Danielsson Foundation Guest Professor of Bank Management at the Göteborg and Stockholm Schools of Economics. As a consultant or director of training programmes, he worked with several international banks, accounting and consulting firms, national central banks, European Central Bank, Bank for International Settlements, HM Treasury, the OECD, the World Bank, the European Commission, and the Mentor Forum for the US Supreme Court and the European Court of Justice.'
Recent bank bailouts show that the Single Resolution Mechanism doesn’t work in its current form.