ECB Unlocks Liquidity for Dying Banks: Fixes EU Resolution Gap
ECB revises guidelines: now lends to banks in resolution (wind-down), if capital/conditions met—plugs hole exposed by 2017 Banco Popular fire sale, 2022 Sberbank EU ops. Eurozone backstop for failures without bail-ins exploding.
Takeaway: SRM fortification amid Trump tariffs/stress tests—stability > moral hazard?
https://buff.ly/Nqzwd4U
#ECB #BankResolution #Eurozone #FinancialStability #Banking
RT by @EU_SRB: Our review of the 2023 bank failures and lessons learnt upholds the appropriateness and feasibility of the international resolution framework. Find out more:
https://www.fsb.org/2023/10/fsb-review-of-2023-bank-failures-assesses-implications-for-the-operation-of-the-international-resolution-framework/
#FinancialStability #BankResolution #GSIB
🐦🔗: https://nitter.cz/FinStbBoard/status/1711719248903467181#m
[2023-10-10 12:24 UTC]
We need a pragmatic and flexible approach to solve banking crises, in terms of:
🎯Regulatory approach;
⚙️Tools & 💶resources used;
🤝Stakeholders’ cooperation;
🚨Execution speed;
📊Consequences.
Our opinion: http://europa.eu/!wrj6YY
#BankingCrisis #BankResolution https://t.co/U9HpOyxgnL
🐦🔗: https://n.respublicae.eu/EU_EESC/status/1679419440473964544
The EESC opinion, that covers the Commission proposal and the request from the Spanish Presidency of the Council, endorses the reform. However, it notes the need to strike a balance between flexibility and predictability in its implementation, as well as a balanced and proportional public interest assessment to avoid damaging the interest of smaller and local entities.
🇪🇺🇺🇸Dominique Laboureix @EU_SRB Chair met with Martin J. Gruenberg, Chairman of the @FDIC Board of Directors earlier this week in Washington 🤝
#EndingTBTF #Livingwills #BankResolution #Financialstability https://t.co/0nWFkYgW29
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1668879121319854080
.@EU_SRB keeps #MREL policy stable and publishes MREL dashboard Q4.2022 in the latest update.
🔵Read more on our website: http://ow.ly/r4Zs50Oww4v
#EUBanking #financialstability #EndingTBTF #bankresolution #ICYMI
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1663093182672904193
‼️#ICYMI Our latest press release 📰 #CMDI
✅Proposed legislative changes seen as important and pragmatic step forward
✅@ecb & @EU_SRB ready to provide technical input on proposals to ensure consistent and workable framework
RT @EU_SRB: ECB and @EU_SRB welcome the European Commission’s legislative proposals for the bank crisis management and deposit insurance framework
cc @ecb @EU_Finance @EU_Commission #CMDI #bankresolution #EndingTBTF #financialstability
https…
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1648579900100468736
ECB and @EU_SRB welcome the European Commission’s legislative proposals for the bank crisis management and deposit insurance framework
cc @ecb @EU_Finance @EU_Commission #CMDI #bankresolution #EndingTBTF #financialstability
https://www.srb.europa.eu/en/content/ecb-and-srb-welcome-european-commissions-legislative-proposals-bank-crisis-management-and
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1648355254038085633
ECB and SRB welcome the European Commission’s legislative proposals for the bank crisis management and deposit insurance framework
Register now for the #SRBlegal2023 conference taking place on Thursday, 27 April 2023
The conference will open with a welcome address by Dominique Laboureix, #SRB Chair.
Register and find more information here below
http://srb.europa.eu/en/content/srb-legal-conference-2023-eu-and-banking-union-law-european-and-global-context #BankResolution
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1641724569051443201
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