Europe’s bank resolution authority
“We need [policymakers] to come back to the drawing board on the issue of funding in resolution,” said Laboureix, whose institution is charged with safely winding down large or systemic eurozone banks that run into difficulty, a group that currently numbers 115.
FT 25 June 2023
https://www.ft.com/content/25c680cd-6850-4a34-b009-fb98ec76a46d
Dominique Laboureix's speech: The challenges of the European supervisory and resolution framework
Speeches | Wednesday, 17 May 2023
Single Resolution Fund
https://www.srb.europa.eu/en/single-resolution-fund
The EU authorities do not have the legal power to conduct the sort of rescue measures just concocted by the US Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation, acting in concert.
The Bank Recovery and Resolution Directive (BRRD) does not allow national governments to bail out uninsured depositors in a crisis.
https://englundmacro.blogspot.com/2023/05/who-exactly-is-responsible-for-bank.html
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