Making retail banks resolvable
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Many retail banks struggle to comply with the existing EU resolution framework due to their funding model and difficulty to tap capital markets. According to the author, efforts to improve…
resolution
The Single Resolution Mechanism and the Single Resolution Fund: legal aspects of the second main pillar of the Banking Union
The e-book provides a systematic and comprehensive review of the provisions of the legal acts which are the sources of Single Resolution Mechanism and the Single Resolution Fund that constitute…
Taking stock of the Single Resolution Board – Banking Union scrutiny
The analysis shows that the Single Resolution Board has had a somewhat difficult start, but has been able to learn and adapt, and has gained stature following its first bank…
The Banco Popular resolution case: a tainted success for the SRM?
The paper first examines to what extent Banco Popular’s resolution case can be considered a circumstantial success given the resolution regime’s excessive reliance on the market. Further, the author assesses…
Single Resolution Board: Work on a challenging Banking Union task started, but still a long way to go
In a special report the European Court of Auditors pointed to critical weaknesses and shortcomings in the build-up and work of the Single Resolution Board thus far. The auditors identified…
Upgrading the current EU Resolution Framework – a Focus on Bail-in and Precautionary Recapitalization
The policy paper describes various shortcomings in the current BRRD/SRMR framework that should be addressed. Recent case studies suggest that any pledge to avoid bailouts in the future is strictly…
TLAC/MREL: making failure possible?
The Finance Watch policy brief is a valuable in-depth description and analysis of TLAC/MREL, pointing to some substantial deficiencies. It provides an update on recent developments in the area of bank recovery and…