The Single Resolution Board and the Bank of England continue to work closely together to ensure we have appropriate arrangements in place for effective cooperation on the management of the failure of cross border banks, should the need arise. This is underpinned by a cooperation arrangement that...
This year marked the fifth anniversary of the Single Resolution Board (SRB) taking on its full powers within the Single Resolution Mechanism. During these five years, the Banking Union established a credible bank resolution regime and the SRB has become an experienced crisis management organisation...
Andrea Enria’s recent comments in the Financial Times fanned the embers of the idea of a pan-European Asset Management Company, more commonly referred to as a European bad bank. Mr Enria promoted the idea as a possible tool for strengthening financial stability across the Banking Union’s banking...
The SRB has updated its approach to the prior permission regime for early calling, redeeming, repaying or repurchasing of eligible liabilities instruments by banks, ahead of upcoming key regulatory changes. On 28 December 2020, the application of SRMR2 will mean that prior permission will be...
[CHECK AGAINST DELIVERY] [Introduction] Good afternoon Christian, ladies and gentlemen, and thank you for the invitation to be part of a CER event once again. I last spoke in this forum almost three years ago in March 2018. Quite a bit has changed since then and I will be addressing some of those...
