As I have pointed out on more than one occasion, with the entry into force of the new European regulatory framework and in the absence of investors interested in purchase and assumption transactions, the only way forward in the event of a crisis is a piecemeal liquidation, resulting in a loss of value and in contagion risks.
When dealing with difficult situations, the instruments that the law puts at the disposal of the supervisory authorities are used with great care. The intensity of the corrective measures imposed on intermediaries is strictly proportionate to how far a bank’s financial situation has deteriorated.