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How long have you worked at the SRB and how has it changed since you joined?
I joined the SRB in 2015, its year of establishment. Witnessing the dynamic evolution of SRB since my arrival has been nothing short of inspiring. We were less than 50 staff at...
Banks’ trading activities can carry a substantial part of their total risk and be a channel of contagion in bank crises. A keen understanding of what’s in trading books and of how to wind them down post resolution while staying solvent is key for a...
The EU has put in place robust rules for bank supervision and crisis management, including a strong resolution framework. We’ve seen these pay off, in terms of how the European banking sector has coped with a series of crises. The rules also ensured the...
How long have you worked at the SRB and how has it changed since you joined?
Four years have passed since I joined the agency I am proud to serve. Four years may seem a limited period of time, but it was long enough to assist remarkable advancements in our...
During the recent economic shocks caused by the Covid-19 pandemic and the more recent inflation surge, the EU banking system proved resilient and continued to provide lending to the real economy. In addition to the support provided to the economy by the...
What do you particularly like about your work at the SRB?
I still love the same thing, as the first moment I joined, back in 2015 - working with highly motivated and professional colleagues, coming from all over Europe (and beyond), with different...
As the SRB enters phase two of its existence, SRB Chair Dominique Laboureix shares his reasons for launching a strategic review of how the SRB works, which will feed into a new plan for Europe’s central, independent resolution authority.
Two months ago...
It is now a decade since the Liikanen Report was published. While the proposal for structural reform in the banking sector was not implemented in the EU, many of the ideas brought forward by the high-level expert group can be found in other regulatory...
What do you particularly like about your work at the SRB?
I love my job as an IT practitioner! I firmly believe that Information Technology is the enabler of innovation. I started working in the SRB in 2017 when it was still in a start-up mode, and I like...
What do you particularly like about your work at the SRB?
As the person responsible for resolution reporting at the SRB, I enjoy the challenge presented by the dynamic nature of the resolution reporting framework. It is a living process driven primarily...
Euro area banks have emerged from the pandemic largely unscathed, mainly due to the unprecedented support from governments, central banks, regulators and supervisors. Bank capital in the form of Common Equity Tier 1 even increased throughout the pandemic...
Each year, we collect contributions to build up the Single Resolution Fund (SRF), an emergency crisis fund that supports bank resolution. Around 3,000 banks and other financial institutions, across the 21 EU countries that make up the Banking Union, will...
The SRB is continuously enhancing its approach to the public interest assessment (PIA). This is the main policy tool used to assess whether a failing bank should be resolved in the public interest, or whether it can be liquidated under normal insolvency...
The dawn of the New Year is not the only time that we at the SRB think about resolutions – we do that every day of the year! Our focus is always on making banks resolvable so that we can promote financial stability and protect the taxpayer. However, the...
The SRB’s role is to develop resolution plans that are ready for action at very short notice, for the banks under our remit. If a bank should fail, our goal is to make sure that happens in an organised and orderly way. We make sure that any critical roles...
From the Finnish national resolution authority’s viewpoint, the BRRD offers us strong yet flexible tools to prepare for crisis management in our local banking market. Thanks to the Banking Union (BU), the SRB provides us with skilled professionals and...
What do you particularly like about your work at the SRB?
The fact that the SRB is at the centre of a constantly evolving regulatory environment. Every day we are facing new challenges and we do not have the chance to get bored!
How does your work make
...What do you particularly like about your work at the SRB?
I joined the SRB at the end of 2015, in its first year of existence. It has been a pleasure ever since to help shape resolution in the Banking Union and contribute to improving the resolvability...
The European Banking Union still awaits completion, with more work urgently needed to move towards a fully integrated system that delivers better crisis management, depositor protection and a stronger banking sector.
The European Commission has recently...
Making banks resolvable remains the SRB’s key priority [1]. Banks entered the Covid-19 crisis in a much better shape than during the 2008 financial crisis, and were instrumental for financing the economy. However, the pandemic also reminded stakeholders...
In a severe banking crisis, the question of what to do with impaired assets is often raised. The most straightforward option, of selling the assets at a low price in a fire sale, can trigger an unnecessary destruction of value, with the banking framework...
The public interest assessment is a key safeguard in bank resolution, to protect taxpayers and financial stability. When faced with a failing bank, the SRB considers whether resolution best serves the public interest or whether the bank can go into normal...
What do you particularly like about your work at the SRB?
One of the things I like the most in my work is the coexistence of both economic and legal aspects, ranging from balance sheet analysis to legal opinions.
This implies also that our work requires...