ECON Public Hearing with Mrs Elke König, Chair of the Single Resolution Board

This speech highlights the Single Resolution Board's progress, featuring full MREL compliance, a well-funded safety net, and new inspection tools, whilst advocating for simplification of the resolution framework.

Dominique Laboureix discusses the Single Resolution Mechanism's 10-year progress, new Vision 2028 strategy for bank resolution planning, and reforms to make financial crisis management more effective in the EU Banking Union.

In his speech to ECON on 4 December 2024, Dominique Laboureix discusses the 2025 Work Program, focusing on improving bank resolution readiness through testing and streamlined processes. He highlights concerns over the CMDI review, warning against added complexity that risks bail-outs and fragmentation, calls for simplification to ensure the framework remains effective.