The last remaining element in the EU’s response to the banking crisis in the eurozone is a harmonised framework for bank resolution. Following the resolution and recovery Directive (RRD), on which discussions are well advanced, a single resolution mechanism (SRM) was proposed by the European Commission in July. An SRM is seen as a necessary component for a well-functioning banking union.
In the meantime, several EU member states, including the UK, Ireland, Spain, Denmark and the Netherlands, have established their own national approaches to bank resolution. This raises the question whether these countries will be willing to give up their newly established systems for a European one? And will non-euro area member countries still be willing to subscribe to the SSM if they also have to join an SRM (in whatever form it eventually may take)? Many other elements of the proposed SRM and RRD also remain contentious.
The purpose of the High-Level Finance Round Table on banking resolution is to compare and learn from individual country experiences and discuss what lessons can be applied to the ongoing trilogue on the RRD, and for the SRM.
CEPS/ECMI/ECRI member: 249€ (excl. 21% VAT & paypal fee)
Non-member: 499€ (excl. 21% VAT & paypal fee)
EU official: free of charge