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 communication is vital in these processes.
Dominique Laboureix (Saint-Mandé, France, 1963) is one of those people from whom no banker wants to receive a call, at least under certain circumstances. This French supervisor chairs the Single Resolution Board (SRB), the mechanism responsible for leading bank bailouts in Europe. His job is like that of a fireman. They are not paid too much attention until they are needed. And his work is decisive so that there are no victims in the fires (cost for the taxpayer, if any) and so that these do not generate structural damage to the buildings (financial system). [...]
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The SRB aims to achieve greater financial stability for every euro invested in resolution planning – a benefit that will be shared by both banks and...
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...
[Automated translation]
The European mechanism that prepares the financial system in the event of a bank collapse is about to enter a new phase. The...