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Staff Working Paper Series #4 - The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities

The purpose of this SRB Working Paper is to explore whether the 2023 banking turmoil in US and Switzerland can provide some preliminary implementation lessons for resolution in the European Union. We focus on the following three aspects: (i) complementarity of DGSs and resolution frameworks to limit bank runs and manage a bank crisis more effectively; (ii) resolution strategies and optionality in resolution tools; (iii) the design of an effective public sector liquidity backstop in resolution.