SRB holds its seventh annual conference – European banks: resolvable and ready for crisis?

SRB holds its seventh annual conference – European banks: resolvable and ready for crisis?

Today, the Single Resolution Board (SRB) brings together industry, EU policymakers, key stakeholders and academia to discuss whether European banks are resolvable and ready for crisis, given these uncertain economic times.

With the end of the SRB Chair’s term nearing, Elke König will reflect on the achievements to date and the remaining challenges for all European banks to be fully resolvable and resilient. The full agenda and topics for discussion are available here.  

The SRB conference can be watched online by following this link or via Twitter (@EU_SRB), LinkedIn and YouTube. Join the conversation on Twitter with the hashtag #SRBResolution2022. Ask questions on Twitter or join polls on Slido using the event code #3781868.

Speakers include:

• • Jen Henriksson, President and Chief Executive Officer, Swedbank
  • John Berrigan, Director-General, Financial Stability, Financial Services and Capital Markets Union, European Commission
  • Andrea Enria, Chair, Single Supervisory Mechanism, European Central Bank
  • François Villeroy De Galhau, Governor, Banque de France
  • Claudia Buch, Vice-President, Deutsche Bank
  • Jose Manuel Campa, Chairperson, European Banking Authority
  • Tuija Taos, Director-General, Finnish Financial Stability Authority

In particular, the conference features opening addresses and keynotes from:

Elke König, Chair of the Single Resolution Board: “European Banks are resilient and it is up to all of us to work hard to ensure the overall resilience of the system, by ensuring banks’ resolvability. That will be important for financial stability going forward.”

Jan Reinder De Carpentier, Vice-Chair of the Single Resolution Board “We have a number of key milestones ahead of us, including reaching the deadlines for full resolvability of SRB banks and the build-up of the SRF to its target level by the end of 2023”.

Jens Henriksson, President and Chief Executive Officer, Swedbank “One of the key lessons from the global financial crisis was to strengthen the banks through increased capital buffers. Today’s topic is the resolution framework. But sometimes we miss the most important factor. A sustainable bank is a profitable bank. Sustainable profits is the best way to avoid costly resolutions”.

François Villeroy De Galhau, Governor, Banque de France “In order to properly implement the resolution principles we have rightly adopted in Europe, we need less rigidity and more risk-based-fairly-balanced approaches”