Laboureix disputes Swiss claim that G-Sibs are not resolvable, but wants improvements to framework
When banks fail, the outcome is inevitably messy. The post-2008 regulatory framework for resolving banks was designed stop a failure turning into a systemic crisis that has to be managed with taxpayer funding.
Dominique Laboureix, appointed chair of the European Union’s Single Resolution Board (SRB) in November 2022, had less than six months to get his feet under the desk before the first major test of that framework materialised in March and April this year. Three major banks, with assets of...
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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...
Resolution is part of a safety net that guarantees better financial stability without incurring costs for taxpayers yesterday.
The banking system is...
The Single Resolution Board is the central authority responsible for resolving banking crises in the eurozone. During a visit to Luxembourg, its...