European Bank Resolution: Making it Work!

CEPS Task Force Report, 2016

52 Pages Posted: 27 Jan 2016

See all articles by Thomas Huertas

Thomas Huertas

Goethe University Frankfurt - Institute of Law and Finance; Center for Financial Studies

Date Written: January 26, 2016

Abstract

From the start of 2016, new rules for bank resolution are in place – as spelled out in the Bank Recovery and Resolution Directive (BRRD) – across the EU, and a new authority (the Single Resolution Board, or SRB) is fully operational for resolving all banks in the eurozone.

The implementation issues of the new regime are enormous. Banks need to develop recovery plans, and authorities need to create resolution plans as well as set the minimum required amount of own funds and eligible liabilities (MREL) for each bank. But given the diversity in bank structures and instruments at EU and global level, this will be a formidable challenge, above all with respect to internationally active banks.

In order to explore ways in which the authorities and banks can meet this challenge, CEPS formed a Task Force composed of senior experts on banking sector reform and chaired by Thomas Huertas, Partner and Chair, EY Global Regulatory Network. This report contains its policy recommendations.

Keywords: eurozone, Bank Recovery and Resolution Directive, BRRD, EU, banks

Suggested Citation

Huertas, Thomas, European Bank Resolution: Making it Work! (January 26, 2016). CEPS Task Force Report, 2016. Available at SSRN: https://ssrn.com/abstract=2723220

Thomas Huertas (Contact Author)

Goethe University Frankfurt - Institute of Law and Finance ( email )

Campus Westend - Grüneburgplatz 1
Frankfurt, 60323
Germany

Center for Financial Studies ( email )

Grüneburgplatz 1
Goethe University
Frankfurt am Main, 60323
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
268
Abstract Views
722
rank
122,221
PlumX Metrics