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The concept of bank ‘resolution’, outlined by the Financial Stability Board (FSB) and implemented in the EU through the Bank Recovery and Resolution Directive (BRRD), provides a toolkit for authorities to first stabilise and then restructure, or wind up, a failing bank. It is meant to ward off the potential systemic shock of a sudden collapse, facilitate the implementation of a resolution plan, shield taxpayers from the cost of a bail-out and, in general, minimise the aggregate cost to bank investors and the general public.
But is this toolkit sufficient and will it really prevent future taxpayer bail-outs in the event of a crisis? Could other solutions like capital requirements and bank structural reform help to make banks safer and sounder?
For everyone who would like to get a general introduction on banking resolution and what Finance Watch suggests to make our banking system really safe and sound, we invite you to our next webinar with our senior policy analyst, Christian M. Stiefmüller, on 21 March from 1pm to 1.45pm CET.
Ever since the financial crisis of 2008, global regulators have been grappling with one key question: How can a large international bank be allowed to fail without triggering a “systemic” domino effect or forcing a taxpayer-funded bail-out?Online - Finance Watch email@example.com aDFdtugMkzeEXUhHCmVG49806