What does it mean when a bank is failing or likely to fail? #FOLTF #AcronymWednesday
1)No supervisory or private sector intervention can restore the bank to viability in time
2)Financial stability and public interest are threatened
Learn more: https://bit.ly/3RGXJsD
What is the Single Resolution Fund? 🧐
#SRF #AcronymWednesday #SRBexplainer
The Single Resolution Fund (SRF) is an emergency fund used to ensure the efficient application of resolution tools to resolve a failing bank in times of crisis.
Learn more: https://www.youtube.com/watch?v=Z27duhzQ5so
#AcronymWednesday #SRBexplainer 💡🤓
What is the Public Interest Assessment? #PIA
PIA is the main policy tool used to assess whether a failing bank should be resolved in the public interest.
Learn more about PIA in our latest #SRBpodcast #SRBinfive https://www.srb.europa.eu/en/content/podcast-srb-5
Do you know what the ESM stands for? #AcronymWednesday!
The European Stability Mechanism is a governmental organisation supporting Eurozone countries to handle financial crises and maintain financial stability, by granting loans and financial assistance.
Learn more: @ESM_Press
Do you know what the ESM stands for? #AcronymWednesday! The European Stability Mechanism is a governmental organisation supporting Eurozone countries to handle financial crises and maintain financial stability, by granting loans and financial assistance. Learn more: @ESM_Press
Time to explore the #EBA in today’s #AcronymWednesday!
The European Banking Authority (EBA) is an independent EU Authority. It operates to ensure effective and consistent prudential regulation and supervision across the European banking sector.
Find out more: @EBA_News
Time to explore the #EBA in today’s #AcronymWednesday! The European Banking Authority (EBA) is an independent EU Authority. It operates to ensure effective and consistent prudential regulation and supervision across the European banking sector. Find out more: @EBA_News
What are #CCPs? 🧐
A Central Clearing Counterparty (CCP) is an entity that facilitates efficiency, safety and stability of trading in various European derivatives and financial markets. It guards against the default of buyer and/or seller in a trading deal.
#AcronymWednesday! What are #CCPs? 🧐 A Central Clearing Counterparty (CCP) is an entity that facilitates efficiency, safety and stability of trading in various European derivatives and financial markets. It guards against the default of buyer and/or seller in a trading deal.
Today in #AcronymWednesday: Expectations for Banks #EfB
EfBs are priority areas on which all banks under the remit of the SRB are expected to work on, in order to be resolvable.
EfBs include seven dimensions. Learn more: https://www.srb.europa.eu/en/content/infographics
Another #AcronymWednesday!
Today: #MREL. Minimum Required Funds and own Liabilities should be met by institutions established in the EU. It ensures an effective and credible application of resolution schemes, should the bank fail #bankingUnion
Learn more https://www.srb.europa.eu/en/content/mrel
Today in #AcronymWednesday #CMG!
The SRB sets up crisis management groups for the global systemically important banks under its remit, conducting an annual resolvability assessment (RAP) process, and preparing the RAP letters for the FSB.
Learn more: http://ow.ly/mayZ50IWNGE
Today in #AcronymWednesday #IRT!
Internal Resolution Teams are responsible for drawing up resolution plans, in consultation with the ECB or the relevant National Competent Authority. For each bank under direct SRB remit, an IRT has been jointly established and is led by the #SRB
Today in #AcronymWednesday #IRT! Internal Resolution Teams are responsible for drawing up resolution plans, in consultation with the ECB or the relevant National Competent Authority. For each bank under direct SRB remit, an IRT has been jointly established and is led by the #SRB
Single Resolution Board