SRB takes part in regular coordination exercise on cross-border resolution planning, organised with US, Banking Union and UK financial authorities

SRB Chair Dominique Laboureix is taking part in the Trilateral Principal Level Exercise (TPLE) in Washington on Saturday, 20 April, joining heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the United States, the United Kingdom, and the European Banking Union, as well as the European Commission.

The meeting, hosted by the Federal Deposit Insurance Corporation (FDIC), is part of a series of regular exercises and exchanges among the principals of these key financial sector authorities. They enhance understanding of each jurisdiction’s resolution regime for global systemically important banks (G-SIBs), strengthen coordination on cross-border resolution, and promote confidence in and commitment to the orderly resolution of G-SIBs.

Read the full FDIC press release here.