SRB held, in Brussels, its second annual conference, “Building Resolvability Together,” and published a report describing the key developments and activities during the conference. The report outlines the topics of discussion during the conference and summarizes the views expressed by various speakers at the conference.
This event offered an opportunity to assess progress made since the establishment of SRB in January 2015. On September 29, 2017, the conference brought together international panelists to discuss the following:
- Progress made in establishing banking resolution planning and preparedness
- Successful efforts of SRB to date. In June 2017, SRB adopted a resolution decision for a failing entity— Banco Popular Español S.A. Done within the framework of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism (SRM) , the act preserved financial stability and ensured the continuity of critical functions in Spain and beyond.
- The remaining challenges and areas of potential improvement, including alignment of minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC); the level of flexibility demanded of the BRRD; challenges in setting up Crisis Management Groups; the establishment the European Deposit Insurance Scheme (EDIS); and recovery and resolution of central counterparties. International challenges, including in the context of Brexit, were also discussed.
Related Link: Press Release
Keywords: Europe, EU, Banking, Annual Conference, Resolution Planning, BRRD, SRM, SRB
Sam leads the quantitative research team within the CreditEdge™ research group. In this role, he develops novel risk and forecasting solutions for financial institutions while providing thought leadership on related trends in global financial markets.
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