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...
In this blog, I would like to provide additional clarity on the SRB’s approach to minimum requirements for own funds and eligible liabilities (MREL), taking the impact of the COVID-19 crisis into account. First of all, the banking industry has made substantial progress in building up MREL to date...
With this blog post, I will explain the SRB’s approach to the uncertainty and disruption caused to the Euro Area economy by the COVID-19 outbreak. The world is facing an extraordinary challenge. The pandemic is having a severe effect on people’s health and the global economy. The SRB, like all...
At the height of the financial crisis, a survey showed that most young adults would rather go to the dentist than listen to a banker. That’s a painful finding on various levels. Arguably the financial sector lost the trust of the general public during the crisis. But there is more to this. Nowadays...
Welcome to our new blogging series! Look out for our next SRB Insights in 2020, we will invite authors from other EU institutions but also from the industry and academia to blog on our latest online platform. Different voices, different opinions, all the more Insights. Back to basics Financial...