Dominique Laboureix: We don't want taxpayers to be hit if things go wrong somewhere.
Politicians are afraid that "their" banks will pay for failing banks in other countries if there were a European deposit guarantee scheme.But through the Single Resolution Fund, they are already paying into it.
The talk lasts only half an hour, but Dominique Laboureix emphasizes up to three times that'we must not be complacent.' Yes, says the Chair of the European agency that resolves failing banks, it was clear during the banking turmoil earlier this year that confidence in European banks was higher than confidence in U.S. or Swiss institutions-there was no contagion. Yet that is in his eyes is only an encouragement. We have to work hard to make this system even more secure.
Contact our communications team
Recent interviews
The president of the SRB acknowledges that the fund that led to resolution by the Spanish bank in 2017 has progressed a lot since then and that...
Cypriot banks are on track to meeting their MREL targets, set by the Single Resolution Board (SRB) even well before their deadline, SRB chair...
In the past, some small and middle-sized banks fell between the cracks of the resolution framework. Resolution authorities were not able to resolve...