ZBB 2024, 59
Panel III – Cross-Border Bank Resolutions and its challenges
The third Panel of the SRB Legal Conference, moderated by Tuija Taos, focused on various aspects of cross-border bank resolutions and how events have shown that a banking crisis can occur very quickly. There was consensus on the importance of being very well prepared to react with the same speed. Authorities and institutions must have solid plans and always be prepared for the unexpected. This was the first time since 2008 that a global systemically important bank was under severe stress and the resolution framework was put to the test. When facing cross-border bank resolutions, legal regimes need to be credible and workable. There is no doubt that the authorities currently have the necessary powers and tools.
Contents
- I. Interventions
- 1. Elena Carletti, Professor and Dean, Bocconi University, Member of the Board of Unicredit
- 2. Luis Silva Morais, Professor, University of Lisbon, Vice-Chair, SRB Appeal Panel
- 3. Sofia Toscano Rico, Deputy Director General, European Central Bank
- 4. Eva Hüpkes, Head of Regulatory and Supervisory Policies, Financial Stability Board
- II. Q&A session
- 1. Frequent problems with cross-border banking groups
- 2. Reasons why neither SVB nor CS were resolved
- 3. Alteration of the normal creditor hierarchy in CS
- *
- *)Abogado del Estado (Spanish State Attorney) seconded to the SRB Legal Service, Brussels
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