Featured Product

    SRB Publishes Report on the Annual Conference for 2018

    December 14, 2018

    SRB published a report on its annual conference, which was held in Brussels on October 15, 2018. This event provided panelists and speakers with the opportunity to reflect on the changes made in the decade since the global financial crisis. The title of this year’s event was "10 years after the crisis: are banks now resolvable?" In response, a general agreement emerged: while progress has been made, the journey of resolvability is a marathon, not a sprint—and it’s not over.

    Recurring themes that emerged during the conference related to what is required to reach the finish line of resolvability. The need for a harmonized European Deposit Insurance Scheme as well as a backstop to the Single Resolution Fund was emphasized, alongside the necessity of overcoming inconsistencies in national insolvency proceedings and of addressing transparency. Additionally, more technical questions were raised this year as resolution planning by SRB continued:

    • Are Management Information Systems organized and accessible enough to allow for efficient resolution?
    • Can backstop funds be accessed quickly enough? and What about cyber-security risks?

    The progress made in resolution thus far encouraged the consideration of such novel topics—considering that the quest for resolvability is always changing and that the concept of resolvability is evolving. Across all the topics discussed, there was certain consensus on one issue: the need to fight against complacency. A further push forward and continued accountability is needed if we want to be able to answer the question “are banks now resolvable?” with a resounding “yes.”

     

    Related Links

    Keywords: Europe, EU, Banking, Resolvability, Bank Resolution, Single Resolution Fund, EDIS, Annual Conference, SRB

    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796