Task Force on Implementing Financial Sector Resolution
Setting up a framework to resolve financial institutions in an orderly fashion without implicating taxpayers’ money is one of the key challenges in the post-financial crisis era. During the 3rd meeting of the CEPS Task Force on Implementing Financial Sector Resolution, held on December 11th, the various initiatives for the different types of financial institutions, including banks, (re)insurance companies and CCPs were assessed. The bridge financing needs for the single resolution fund, implementing issues of the new resolution framework, international coordination of resolution decisions and bail-in requirements as well as the resolution of asset management companies were discussed by the members of the Task Force, under the chairmanship of Thomas Huertas.
The fourth and final meeting of the Task Force on insurance resolution will be held in March. For more information, please contact email@example.com.