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From Bank Recovery to Bank Resolution

Qualitative

Registration deadline: 28 January 2020

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  • General description

    The course is designed to provide participants with a solid understanding of the bank resolution frameworks established by the European Bank Recovery and Resolution Directive (‘BRRD’) and the Regulation establishing a Single Resolution Mechanism (‘SRMR’). Starting with a primer on the international background and the economics of bank resolution, the course first offers an overview of the structure and content of the relevant legal acts.

    In this context, participants will gain insights into the framework for preventive measures (Recovery and Resolution Planning, Early Intervention) as well as the substantive and procedural framework for the resolution of banks both within the European Union as a whole and within the Banking Union.

    In this occasion, the framework for cross-border cooperation and coordination of resolution actions will also be analyzed. In order to familiarize participants with the practical implications of those frameworks, practitioners will then engage with current problems with regard to Resolution Planning, the Assessment of Resolvability, and the calibration and implementation of resolution actions.

  • Topics covered

    • Recovery and Resolution Planning: plan versus planning, conditions for effective resolution planning, interdependencies between recovery and resolution planning, cross-border cooperation (and why it should work)
    • Resolvability Assessment and removal of (potential) impediments: policy, process and legal risks; structural changes; operational & financial continuity (FMIs, IT/digitalization aspects); separability analysis & business reorganisation planning
    • Selected aspects of resolution planning in praxis: Resolution readiness through dry-runs & best practices, practical aspects of Loss Absorbing Capacity, practicability and challenges of Guidance to the banks

  • What you will learn

    • You will get an understanding of the legal frameworks for the recovery and resolution of banks established in EU law after the financial crisis, and the interplay between these regimes.
    • You will learn how these regimes relate to applicable international standards, and how the European frameworks are likely to interact with Third Country authorities in resolution cases.
    • You will learn how preventive measures and resolution actions are implemented both within the European Union as a whole and within the Banking Union.
    • You will receive first-hand insights by practitioners active in both banking supervision and resolution.

  • Meet the instructors

    Jens-Hinrich Binder has been Professor of Private Law, Commercial and Corporate at Eberhard-Karls-University Tübingen since April 2013. He graduated from the University of Freiburg in 2000 and holds an LL.M. in banking and finance law from the London School of Economics and Political Science (2001), as well as a doctorate from the University of Freiburg (2003/2004). Following his postdoctoral degree of Habilitation (University of Freiburg, 2010), he was appointed, in October 2011, to a Chair in Private Law, Corporate, Banking and Securities Law at EBS Law School in Wiesbaden (held until March 2013). His research interests focus on the areas of banking and securities regulation, corporate and insolvency law. He has advised national, international and European governmental and supra-national agencies. He is a Fellow Academic Member of the European Banking Institute (EBI), as well as a Fellow of the Institute of Finance and Financial Regulation, University of Piraeus, Greece.

    Svetlana Dimova is the Director-General within BaFin responsible for Resolution Planning in Germany. This includes preparations of decisions about home and host banks and banking groups including FMIs. Along with the policy work on the national and international level Ms. Dimova is well experienced with international cooperation and collaboration covering a range of cross-cutting regulatory issues. Prior to the transition of the National Resolution Authority from the FMSA to BaFin on 1.1.2018, Ms. Dimova has been instrumental in setting up the NRA within the FMSA. Ms. Dimova has extensive experience in accounting, audit and finance in the financial services industry, developed in leadership roles in an international bank and a leading consulting firm prior to joining the FMSA in 2012. She is a member of the Cross-Border Crisis Management Group for banks at the FSB. Ms. Dimova holds a Master’s Degree in Linguistics and a Master’s Degree in Business Administration.

    Katerina Theodossiou is an experienced senior finance professional specializing in bank risk analysis and crisis management (recovery and resolution). After 10 years of professional experience in the financial markets (analysis and asset management, mainly in fixed income markets), Katerina took a deep dive on crisis management and bank resolutions topics. During the massive consolidation of the Greek banking industry (2010 – 2018), Katerina participated in several crisis management groups and bank resolutions as a financial stability or resolution expert and at the same time followed closely the efforts of the Greek banking system to restructure and recover under the State Aid framework. At the same time, she participated in drafting teams of the BRR Directive and SRM regulation. In 2017, she was appointed as a senior bank recovery and resolution expert at the Policy & Strategy Directorate of the Single Resolution Board (SRB) where was heavily involved in the operationalization of resolution strategies and was entrusted the position of sub-coordinator in the SRB Crisis Readiness Project. In parallel, she was responsible for the Agency’s training strategy conducting resolution related training sessions and crisis simulation exercises (i.e. Dryruns). At present, Katerina works as a risk analysis and crisis management senior manager in a national Central Bank and provides crisis management and bank recovery and resolution related training. Katerina started her academic studies in International & European Economic Studies in Athens, and continued with a post graduate degree in Finance (MSc) in Cass-Business School, London. In 2016 she co-drafted a report on «Bank resolution and bail- in in the EU: selected case studies pre and post BRRD» published by FinSAC, World Bank.

    Jean-Jacques van Helten is a Visiting Fellow at the Robert Schuman Centre for Advanced Studies and formerly the Managing Director & Chief Risk Officer, EMEA for the Bank of Montreal (BMO) Financial Group responsible for credit, market, liquidity and operational risks. For well over 30 years, he has worked in a range of senior executive risk, capital markets & corporate lending roles in major investment banks in the Netherlands, Australia, Hong Kong and the UK. Prior to taking up his role at BMO, he ran credit and market risk management in the CBA’s institutional bank in Sydney and before then he was the Head of Global Funding and Portfolios at the National Australia Bank in Melbourne, Hong Kong and London. He is a frequent speaker on risk management at international conferences and is a Non-Executive Director on the Boards of an Irish bank and a fintech company. He has a PhD in Economics/Economic History from London University and has studied at the Goethe Universität, Frankfurt and the Freie Universität, Berlin, having also been, as part of his pre-banking career, a lecturer and Fellow at the University of London & La Trobe University.

  • Prerequisites

    A Bachelor’s Degree in any discipline is required to follow the course.

    Basic knowledge of the actors and instruments of the European Banking Union is recommended.

  • Fees

    1750€ – Public Authorities (e.g. National Competent Authorities, Central Banks and European Institutions).

    1900€ – Private Sector.

    950€ – Academics (Full-time Professors, full-time PhD Students and full-time Research Associates). Please submit a certificate attesting your status of Professor, PhD Student or Research Associate to fbf@eui.eu before registering. FBF secretariat will provide you with a code to register.

    The course fee covers coffee and lunch breaks. Travel and hotel costs are not included.

    Please note that the payment must be settled two weeks before the start of the course.


    CANCELLATION POLICY

    • In case a course is cancelled, registered participants will receive the full refund.
    • In case a course is moved to another date, registered participants may request a voucher to attend another FBF course.
    • Registered participants who have not yet paid the registration fee can cancel their participation until one month before the start of the course.
    • The registration fee is non-refundable, however it will be possible to transfer registration to another person or request a voucher for another FBF course up to 20 days before the start date of the course.

    For more details, please contact fbf@eui.eu
  • Practical information

    A certificate of attendance will be provided to all participants after the course.

    Accommodation 

    Please notice that the course dinner, and most of the social activities, will take place downtown.

    Recommended hotels nearby the EUI:

    Recommended hotels in downtown Florence:

    Suggested restaurants in Florence city centre

    Wi-Fi

    On arrival, participants will be provided with temporary wi-fi access for the whole duration of the course.

    Privacy Notice

    The personal information you have provided will be processed in compliance with the EUI Privacy Statement for conferences. For general queries: fbf@eui.eu

     

    General information on local transport

    From Florence airport:

    Florence airport is located 8 km from the city centre, approximately 30 minutes by taxi or bus. Taxis can be found outside the arrivals terminal; no reservation is needed. A taxi ride from the airport costs about €20 and takes approximately 25/30 minutes.

    A tramway (line T2) connects the airport to the city centre. Trains leave from the airport terminal and take 20 minutes to the main railway station. One-way tickets can be bought from vending machines for €1.50.

    The airport is also connected to the main railway station in Florence by a shuttle bus (‘Vola in bus’) that leaves every 30 minutes (on the hour and on the half-hour) and takes 25 minutes. Tickets are available on board for €6.00.

    From the central railway station:

    Take bus n. 7 at the bus stop Stazione Nazionale in the direction “Fiesole Piazza Mino”, get off at the stop ‘San Domenico 01’. For bus routes and timetables consult the official timetable.

    Bus tickets are sold outside the railway station, at ATAF ticket kiosks and vending machines, tobacconists (tabacchi), newspaper kiosks (edicole), and most cafès (bar). Bus tickets can be purchased also on board with a contactless credit card (Mastercard, Maestro, Visa and V PAY).

    Private car

    From the A1 Milano-Napoli (Autostrada del Sole), take the Firenze Sud exit and follow directions to the city centre/Stadio. Follow the directions to the stadium (Stadio), then for Fiesole. San Domenico is on the main road to Fiesole.

    The EUI has several free parking areas available all over the Campus.