Resolution and RecoveryRSS

Harmonising resolution regimes key to spurring EU cross-border lending

Tackling the EU’s non-performing loans (NPLs) is critical if it is to reap the benefits of cross-border banking, such as risk diversification and sharing, and there should be more harmonisation in resolving bad loans, says a  European Central Bank (ECB) working paper. By Justin Pugsley.

Treasury: regulators should retain the right to dismantle

A US Treasury report acknowledges that US regulatory agencies should continue to play a key role in dealing with the failure of large complex financial institutions as it steps back from recommended that this should simply be dealt with under US bankruptcy laws.

Christian Stiefmϋller

EU auditors highlight concerns over ECB bank failure assessments

The ECB was criticised by the European Court of Auditors over flaws in the way it designates banks as failing or likely to fail. While industry sources believe that the auditors have made some valid points, they do not think the flaws are potentially fatal to the designation process. By Justin Pugsley

Andreas Wieland

Latvian bank is new test for EU bank resolution mechanisms

The failure of a Latvian bank is another opportunity to refine the EU’s bank resolution mechanisms, but observers say there are still a number of flaws that should be addressed while banking conditions in Europe are relatively benign. By Justin Pugsley

Bad loans continue to decline across Europe

European Commission notes progress in banks reducing non-performing loans across Europe as it contemplates measures to make banks provision better for them

Germany and France plot banking union proposals

Germany and France cooperating to drive forward banking and capital markets union

Auditor raps ECB over its processes for dealing with failing banks

ECB criticised by EU auditor in the way it designates banks as failing and the management of their resolution

FSB consults on too big to fail guidance

FSB consults on two sets of guidelines covering the resolution of globally systemically important banks

European Commission HQ

Lawsuit and national differences cast doubt over BRRD

Making the Bank Recovery and Resolution Directive work has collided with political priorities at national level and a huge lawsuit over the resolution of a Spanish bank. David Wigan reports.

Investors sue over resolution of Banco Popular Español

An investor lawsuit over the resolution of Banco Popular Español could call into question the viability of the EU Bank Recovery and Resolution Directive, reports Justin Pugsley. 

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