A giant bankruptcy "dry run" to assess Europe's banking crisis management

The Single Resolution Board (SRB) will simulate the collapse of a major bank in the coming days to test crisis management systems. This exercise, conducted with American and British partners, aims to strengthen authorities’ responsiveness.

The catastrophic scenario has been developed in the strictest secrecy, and only a handful of people have access to the script. The central theme involves the failure of a systemically important bank with operations in multiple countries, including the United States and the United Kingdom. This international financial thriller is not intended for the big screen. Rather, it's the framework for a "dry run" exercise organized in the coming days by the Single Resolution Board (SRB), the European banking safety net [...]