Dominique Laboureix became president of the Single Resolution Board (SRB) two years...
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The body responsible for managing banks in crisis in Europe is celebrating its 10th anniversary and claims that Popular's 2017 resolution has been upheld by the EU courts.
In last June, Parliament and Council have clinched a political deal that is applicable to all the EU member states, and which can be seen as a step towards completing the Banking Union. Whilst being an important step forward, the agreement on the Crisis...
A success story Deposit Guarantee Schemes (DGSs) have a proven track record of protecting depositors and enhancing financial stability, and are a cornerstone for European citizens’ trust in banking systems. The evolution of their regulatory framework has...
The vice-president of the SRB calls for advancing the common deposit guarantee fund and simplifying banking regulation without losing sight of financial stability
Miguel Carcaño (Madrid, 51) arrived in Brussels in 2015, as the toughest moments of the...
“I’m sleeping very well,” the head of the EU’s Single Resolution Board (SRB) tells the Business Post from his office in central Brussels, which backs on to the city’s imposing Gothic cathedral, St Gudula.
In one sense, he is right to be relaxed.
In the 10...
This year marks the 10th anniversary of the establishment of the Single Resolution Board (SRB), which is responsible for the centralized resolution of bank failures in the eurozone. As the core of the eurozone's "banking union," the SRB has steadily built...
The Single Resolution Board (SRB) will simulate the collapse of a major bank in the coming days to test crisis management systems. This exercise, conducted with American and British partners, aims to strengthen authorities’ responsiveness.
The catastrophic...
The minimum requirements for own funds and eligible liabilities, or MREL, is a critical tool for ensuring resolvability at bank level and financial stability at global level, and is intimately linked to the ins-and-outs of the EU resolution framework.
In...
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 public.
Resolution is part of a safety net that guarantees better financial stability without incurring costs for taxpayers yesterday.
The banking system is much more resilient today than in the past, with solvency, liquidity and profitability all at a very good...
The Single Resolution Board is the central authority responsible for resolving banking crises in the eurozone. During a visit to Luxembourg, its chairman, Dominique Laboureix, described the market as resilient but vulnerable. The next crisis will not...
In Short- European regulators must act more quickly during bank crises, says the Chair of the European Single Resolution Board (SRB). The regulator warns that a bank run can no longer always be predicted. According to the SRB, European banks are better...
"The coming financial crisis will be different from previous ones"
Banking systems in the 21 countries of the banking union are much more resilient than they were before. But we must not allow ourselves to be complacent. The crisis will come again and it...
The Chair of the Single Resolution Board, Dominique Laboureix, advocates for greater banking consolidation and integration that allow entities in the euro zone to compete internationally. He joins other European authorities in the idea that continental...
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...
Cypriot banks are on track to meeting their MREL targets, set by the Single Resolution Board (SRB) even well before their deadline, SRB chair Dominique Laboureix has told the Cyprus News Agency (CNA).
MREL, the Minimum Requirement for own funds and...
In the past, some small and middle-sized banks fell between the cracks of the resolution framework. Resolution authorities were not able to resolve them, due to the current definition of the notion of public interest. Instead, with the announced objective...
It is common practice for large banks that fail, such as Credit Swiss, to be reorganised at weekends to avoid causing confusion among customers and investors. Dominique Laboureix, chairman of the European Union's (EU) Single Resolution Board (SRB), tells...
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The European mechanism that prepares the financial system in the event of a bank collapse is about to enter a new phase. The Single Supervisory Board will have the support of the Bank of Portugal to test the capacity for response...
The banking sector is a vital part of the economy, but what happens when a bank fails? The Single Resolution Board’s (SRB) mission is to ensure financial stability and protect taxpayers amid evolving challenges in the banking industry. During his recent...
This spring the European Commission initiated changes with respect to the potential resolution of banks. In addition to natural persons, depositor protection is to be extended to schools, hospitals, municipalities and other public institutions. When are...
Dominique Laboureix says Single Resolution Board moving to new phase of work on euro zone banks
The head of the euro-area agency that deals with bank failures has said he is “reasonably comfortable” with the recovery plans Irish banks have drawn up in the...
Liquidity is central to successful crisis management. Banks depend on trust. If customers lack confidence that their funds will be available on demand, a spiraling liquidity crisis may develop. Such a crisis can potentially drive fire sales of assets to...