Uneven progress in implementing cross-border bank resolution in the EU
Implementing the framework for cross-border bank resolution in the EU is a work in progress, but it is not necessarily proceeding in a consistent way. Three banks were recently resolved in the EU, in which the rules were applied in a different way in each case. These varying results suggest that there remain important differences in supervisory approaches that will continue to have a large bearing on how problem banks are dealt with across the EU. This situation, in turn, raises questions about the EU's commitment to ensuring a level playing field.
Karel Lannoo is the Chief Executive Officer of CEPS. This text is based on a keynote speech he delivered at the IIF/Clearing House Colloquium on Cross Border Resolution, London, 17 June 2017.