Furthermore, it is important to acknowledge that the ability of the new EU resolution  framework to counter systemic crises has been somewhat overstated, especially when  combined with the European Commission’s approach to competition and State aid.
A recent paper by Emilios Avgouleas and Charles Goodhart warns against large-scale, bail-in centred, recapitalizations and illustrates the ‘danger of over-reliance on bail-ins’ by providing a very  4  insightful description of the risks involved in triggering the bail-in process when risk is not  idiosyncratic.