Second meeting CEPS Task Force on Implementing Financial Sector Resolution in Frankfurt

Setting-up a framework for the orderly resolution of financial institutions without using taxpayers’ money is one of the key challenges in the post-financial crisis era. In the course of discussions among the members of the CEPS Task Force on Implementing Financial Sector Resolution, various initiatives for the different types of financial institutions, including banks, (re)insurance companies and central counterparties (CCPs) are assessed. At the second meeting of the group on September 25th in Frankfurt, key pending issues regarding the implementation of the bank recovery and resolution framework were explored, including the contractual recognition of bail-in. Moreover, the specificities of CCPs and insurers, for which there is currently no resolution framework, were also discussed in the group chaired by Thomas Huertas.

The third and final meeting of the Task Force will be held in early December. For more information, please contact