Mr Boštjan Jazbec became a Board Member of the SRB in March 2018 and is the Director of Resolution Planning and Decisions. He is responsible for the banks under the direct remit of the SRB in 6 EU Member States and for 2 GSIBs as well as for a number of resolution teams involved in resolution planning. He is also Chair of the Cross-Border Crisis Management (CBCM) Group for banks at the Financial Stability Board (FSB). He worked as a short-term consultant for the European Bank for Reconstruction and Development (EBRD) and the World Bank in Washington, DC. In July 2003, he was appointed to the Board of the Bank of Slovenia and continued in this post until 2008. After 2008, he worked as a Senior Advisor of the International Monetary Fund (IMF) at the Central Bank of Kosovo and the Central Bank of Suriname. In July 2013 he was appointed Governor of the Bank of Slovenia and the Member of the Governing Council of the ECB. In September 2016 he became a Member of the Bank for International Settlements' (BIS) Central Bank Governance Group. He completed his PhD studies in Economics at the Institute for Advanced Studies in Vienna and the Faculty of Economics, University of Ljubljana.
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. Registrations are now closed. A confirmation email will be sent shortly.
Topic of discussion
For further information or should you have any queries, please do not hesitate to contact us at email@example.com
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...