In the latest SRB in 5 podcast, Susan Carroll, SRB spokesperson and Head of Communications hosted Anni-Mari Karvinen, Head of the Resolution Unit at the Finnish Financial Stability Authority, RVV; Iván Fernández González, Director of Resolution at Spain’s resolution authority, FROB; and Paolo Santella, Head of Unit for Cooperation with Stakeholders at the SRB.
Their discussion focused on the report Small and Medium-Sized Banks: Resolution Planning and Crisis Management for Less Significant Institutions in 2023 and 2024. Key topics included collaboration in resolution planning, main insights from the report, lessons from the crisis simulation, and measures to strengthen crisis management for LSIs.
The main takeaways emphasised the critical importance of timing, coordination, and proactive preparation in managing crises. The next steps for NRAs and LSIs involve building greater flexibility into their strategies and establishing annual testing programs for these institutions.
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