Mr Sebastiano Laviola joined the SRB in 2019, taking charge of resolution strategy and cooperation. This brief covers a range of cross-cutting issues relating to the core resolution activities (policies, standards, methodologies, financial stability) as well as the interplay with relevant stakeholders (NRAs, ECB, EC, EBA). In that capacity, he chairs the SRB Committee on Cooperation between the SRB and the NRAs.
He was previously a Central Director of Banca d’Italia, where he served since 1986. He spent most of his career in the Banking and Financial Supervision Department, dealing with analytical issues and coordinating policy on international regulation. He has been a continuous member, and chair, of international supervisory committees and working groups. In 2012, Sebastiano was seconded to the Permanent Representation of Italy to the EU in Brussels as Financial Services Attaché, where he negotiated financial services and Banking Union legislation.
3 February 2021 - 2nd SRB-EBI conference on bank resolution
The Single Resolution Board (SRB) and the European Banking Institute (EBI) are delighted to invite you to the second SRB-EBI conference on bank resolution.
The following topics will be discussed:
Harmonisation of EU bank liquidation laws;
The post-Brexit world and the importance of international standard-setting;
Home/host balance and cross-border resolution;
How to unwind from COVID-related relief measures;
Panel discussion: Lessons from Covid for future white swan events - are we paying enough attention to likely non-financial risks?
The event will take place online. Confirmations and technical details will be provided shortly before the event.
For further information or should you have any queries, please do not hesitate to contact us at email@example.com
Italian Association of Law and Economics Professors - Prudential Supervision and monetary policy with the challenges of Covid-19
SRB Board Member Sebastiano Laviola to speak at the Italian Association of Law & Economic Proffessors on 15 December. He will takle the topic of "prudential supervision and monetary policy with the challenges of Covid-19"
More information will arrive shortly
The COVID-19 pandemic is challenging the European Union and the principles and instruments of its recently established Banking Union. Fortunately, great strides have been made towards financial stability in the last 12 years. European policymakers have created and shaped a de facto macroeconomic financial stability objective, in which the resolution pillar plays an important role. Financial stability and bank resolution are currently striding along the road, and their relationship remains debated. Some have argued that bank resolution fosters financial stability, by preventing unexpected and disorderly bank exits from the sector. Others have contended that the potential enforcement of some resolution tools, such as bail-in, may represent a risk for the stability of the system.
During its four years of existence and well before the COVID-19 emergency, some building blocks of the crisis management framework have been challenged. It has been argued that the consistency of the resolution regime with other instruments, such as the European Stability Mechanism facilities, and with national legal orders (e.g. domestic insolvency regimes, safeguard of creditor’s property rights, national central bank resources) could be further improved, also to ensure more legal certainty. The firepower of the Single Resolution Fund depends also on the introduction of the Common Backstop, potentially provided by the European Stability Mechanism.
- Will this step contribute to the prevention of financial instability?
- Will the design of the resolution framework prevent a second wave of bank bail-out in the European Union in the COVID-19 context?
- To what extent can the stability of the European banking sector be maintained while minimising the use of public funds in the banking sector?
Against this background, the aim of the event is to bring together leading scholars and policy-makers in order to discuss economic, financial, legal, political and public policy topics located at the intersection between financial stability and bank resolution and in...