Euro Area Policies: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

International Monetary Fund

No 2018/232, IMF Staff Country Reports from International Monetary Fund

Abstract: The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.

Keywords: ISCR; CR; member state; resolution authorities; insolvency regime; bail-in regime; central bank; senior debt; SRB decision-making authority; resolution plan; liquidation regime; SRB staff; SRB advance resolution preparation; public funds; SRB resolution scheme; SRB chair; SRB board member; Bank resolution framework; Bank resolution; Crisis management; Financial sector stability; Crisis resolution; Global (search for similar items in EconPapers)
Pages: 49
Date: 2018-07-19
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