What Tolstoy says about families also applies to banks: sound banks are all alike, but every failing bank fails in its own way. This is the reason why broad discretion is needed to manage banking crises. This paper studies the Bank Recovery and Resolution Directive to assess whether it grants the competent authorities enough discretionary powers to deal with banking crises in the most efficient way. The new EU legal framework for banking resolution is marked by a very complex system of rules, with numerous constraints on the discretionary choices of the competent authorities, which could make it difficult to reach the goals underlying the BRRD, i. e., ensuring long term financial and economic stability and reducing the public cost of banking crises.

中文翻译：

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新的欧盟银行业危机管理框架：规则与自由裁量权

托尔斯泰关于家庭的说法也适用于银行：健全的银行都是一样的，但是每一个倒闭的银行都会以自己的方式倒闭。这就是为什么需要广泛的自由裁量权来处理银行危机的原因。本文研究了《银行追回与解决方案指令》，以评估其是否授予主管部门足够的酌处权，以最有效的方式应对银行危机。新的欧盟银行业决议法律框架的特点是规则体系非常复杂，对主管当局的自行决定性选择有很多限制，这可能使实现BRRD的目标变得困难，即确保长期的财务和经济稳定和减少银行危机的公共成本。