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Making banks resolvable is a key component of the regulatory reform programme enacted in response to the crisis. A resolvable bank is one that is “safe to fail”: it can fail and be resolved without cost to the taxpayer and without significant disruption to the financial markets or the...

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On November 20, 2006 the FMG organised a conference on 'Prompt Corrective Action & Cross-Borders Supervisory Issues in Europe'. This conference was the fourth and final in a series of events in the field of Regulation and Financial Stability that have been organised with the support of the...

Banks are not immune from COVID-19. The economic downturn may drive some banks to the point of non-viability (PONV). If so, is the resolution regime in the Euro-area ready to respond? No, for banks may not have the right amount of the right kind of liabilities to make bail-in work. That could...

To complete banking union, there should be a single European deposit insurance scheme (EDIS) alongside the single supervisor and the single resolution authority. This would ensure uniformity across the Eurozone and facilitate the removal of barriers to the mobility of liquidity and capital...

The crisis management and deposit insurance (CMDI) framework in the euro area requires a reset. Although its policy objectives remain valid, the means of achieving them do not. As the euro area comes the end of the long transition period taken to implement the BRRD/SRMR, it should take the...