The COVID-19 outbreak has left us in uncharted waters, with the ultimate effects on the global economy and the banking industry still unknown. However, the resolution framework put in place after the financial crisis means we have a steadier hand on the tiller. Good planning, the basis of all...
CHECK AGAINST DELIVERY Introduction Dear Chair, Honourable Members, ladies and gentlemen, good morning; I want to thank you for the opportunity to address your committee, albeit remotely. First of all, I hope that you and your loved ones are safe and well at this time. The Context of COVID These...
A centralized liquidation regime in the EU would address the current gap in the framework for medium-sized banks This year marks the SRB’s fifth anniversary – an appropriate time to reflect on how the crisis management framework has worked so far and consider areas for improvement. The public...
Trust among authorities is the main driver to overcome ring-fencing attempts Resolution strategies for banking groups with subsidiaries in several countries can follow either a single point of entry (SPE) or a multiple point of entry (MPE) approach. For groups with centralized structures,...
View all information about the SRB’s actions in response to the COVID-19 pandemic BLOG POST | 10 December 2020 The common backstop – a welcome step forward BLOG POST | 3 July 2020 The SRB's fifth anniversary in times of an unprecedented pandemia NEWS | 25 June 2020 SRB update: coronavirus...
