European Economy

Banks, Regulation, and the Real Sector

  • Home
  • What is EE
  • Who is Who
    • Editorial Board
    • Scientific Advisory Board
    • Contributors
    • Association Friends of EE
  • ISSUES
  • Events
  • PRESS

Edward O’Brien

Edward J. O’Brien has been an Adviser in the Directorate General Macroprudential Policy and Financial Stability at the European Central Bank (ECB) since 2014, having previously held various positions in that area. In this role, he has wide-ranging responsibilities, supporting the Directorate General's senior management in the day-to-day functioning of the area, whilst also participating in or coordinating work-streams on topical macroprudential and financial stability issues. In 2013 and 2014, he played a key role in the preparations for the establishment of the Single Supervisory Mechanism in the euro area, in particular in preparing for the ECB’s Comprehensive Assessment of 130 significant banks. Prior to that, he gained wide-ranging crisis management experience through his role in financial sector work for EU/IMF financial assistance programs, as a member of program negotiation teams in a number of euro area countries. Through these experiences, he gained substantial project management experience and managed a number of large-scale consultancy contracts.
Prior to joining the ECB, Dr. O’Brien worked as an economist at the Central Bank of Ireland and as a part-time lecturer in mathematics and statistics in the Department of Economics, University of Dublin, Trinity College.
Dr. O’Brien’s research has been published in several scholarly journals. He received his Ph.D. from the University of Dublin, Trinity College, where he was a IRCHSS Government of Ireland Scholar.

A Role for Systemic Asset Management Companies in Solving Europe’s Non-Performing Loan Problems

July 5, 2017 by John Fell, Maciej Grodzicki, Reiner Martin and Edward O’Brien

The large stock of non-performing loans (NPLs) held by euro area banks should be more swiftly resolved, while avoiding fire sales. We make a case for a comprehensive European solution, combining various NPL resolution tools. Within the NPL resolution toolkit Asset Management Companies (AMCs) may offer significant benefits by bridging inter-temporal pricing gaps for asset classes such as commercial real estate loans. We outline elements of an EU-wide blueprint for country-specific AMCs, including state aid aspects, asset and participation perimeters, asset valuation, capital and funding structure, and governance. In addition to AMCs, internal NPL work-out will always play an important role in NPL resolution, complemented by private information and trading platforms, and securitisation schemes.

From Issue 2017.1 - Proposals

CURRENT ISSUE

Sustainable Finance – Why and How?

READ MORE

European Economy
Banks, Regulation, and the Real Sector

Publisher
Associazione Centro Studi Luca d'Agliano

Copyright © 2023 · Author Pro Theme on Genesis Framework · WordPress · Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT