Recovery and resolution with a focus on credit institutions

Application deadline

30 April 2021

Background

One of the main takeaways from the financial crisis of 2007-08 was that the existing legal framework was insufficient and that a set of adequate tools was required to deal effectively with unsound or failing credit institutions. To fill this gap, the FSB published  “Key Attributes of Effective Resolution Regimes
for Financial Institutions” in 2011. These have since been incorporated into national law in many countries, and apply to banks in particular. In the meantime, initial experience with the recovery and resolution of banks has already been gained in Europe. Here, the special structure that exists in the euro area, the banking union, plays a major role.

Objective

The expert panel aims to provide an overview of the recovery and resolution regime at the global, European and national levels, and also covers how it ties in with prudential supervision under the SSM and its function as part of the European banking union. 
Besides providing information, the expert panel will offer a platform for participants to discuss recovery and resolution regimes as well as related initiatives for improved crisis management in other jurisdictions, and to share experiences in this field. To this end, participants will be expected to prepare their own contributions.

Content

  • The recovery and resolution tools and powers under the EU Bank Recovery and Resolution Directive (BRRD), its implementation in Germany and further national legislation on crisis management
  • Current supervisory structure and resolution powers in Germany and Europe: the role of the German Federal Financial Supervisory Authority (BaFin) and the Bundesbank at the national level and within the SSM and SRM 
  • Experiences with recovery planning – case study and discussions
  • National experience in crisis management and resolution, particularly with regard to the restructuring and resolution of credit institutions

PLEASE NOTE: A more specific overview of the schedule (exact dates and times) will be published at least four weeks before the application deadline.

Target group

This panel is aimed at experts from the supervisory, resolution or international areas of their respective central bank or supervisory authority. Participants should be familiar with the current international debate on resolution policies and frameworks or with the legislation adopted or under consideration in their own jurisdiction and also be willing to prepare a contribution. Central banks in developing or emerging economies, in particular, are encouraged to nominate staff members.

Technical requirements

Computer with microphone, camera, speakers or headphones; an up-to-date internet browser.