La promoción del crecimiento y del empleo son objetivos primordiales para la Unión Europea. Los 23 millones de pequeñas y medianas empresas (PYME) que existen en Europa son el alma de su economía y representan más del 98 % del total de las empresas. Durante los últimos cinco años han proporciona...
Die Mehrwertsteuerlücke ist die Differenz zwischen den erwarteten Mehrwertsteuereinnahmen und den tatsächlichen Einnahmen....
Banks are expected to prepare FMI contingency plans supporting continued access to critical and/or essential FMI services ahead of and during resolution. Principle 4.6 of the Expectations for Banks (EfB) establishes the expectation that ‘Banks have developed an FMI contingency plan outlining the...
As outlined in the Expectations for Banks (EfB), operational continuity in resolution (OCIR) refers to the ability to effectively implement, from an operational point of view, the resolution strategy and, consequently, to stabilise and restructure the bank. This guidance is provided to assist ba...
The minimum requirement for own funds and eligible liabilities (MREL) is one of the key requirements that make resolution credible. It ensures that banks have enough resources to allow resolution authorities to execute their preferred strategy in case of a bank’s failure – usually a bail-in or a...
It is time for the Single Resolution Board (SRB) to step into the limelight and for the authorities to let it live up to its task. Despite significant improvement in the health of banks over the last 10 years, stress tests results, money laundering scandals and bank failures indicate that the se...
The Single Resolution Board (SRB) has had a somewhat difficult start but has been able to learn and adapt, and has gained stature following its first bank resolution decisions in 2017-18. It must continue to build up its capabilities, even as the European Union’s banking union and its policy reg...
This paper discusses from a legal perspective how, over the past years, the SRB has performed against the main goals it was supposed to accomplish, in light of the decisions taken so far (looking backwards) and points to some of the challenges ahead (looking forward). These include inconsistenci...
