The financial crisis revealed us that Europe needs more resilient institutions – with more capital and liquidity resources – to better withstand systemic crises. In addition, Europe will also need to fix the idiosyncratic weaknesses which underpin its credit institutions. To this end the new EU resolution framework requires recovery and resolution plans to be established for each supervised entity, to ensure its resolvability and to minimise spill-over effects on the real economy and the burden on the taxpayer when banks fail and when contagion looms. Those are several of the key elements at the core of the European Bank Recovery and Resolution Directive (BRRD) which forms the backbone of the new banking resolution regime, together with the institutional counterpart for the Banking Union, the Single Resolution Mechanism.
Against this background, this Autumn School by the Florence School of Banking and Finance aims to foster a deeper and up-to-date understanding of the new banking resolution rules among public authorities, practitioners and academics. The Autumn School will also foster a dialogue on the merits and challenges in the implementation of the new EU resolution framework. Targeted at working professional who already display a few years of professional experience, this inter-disciplinary course will, lastly, rely on practical sessions (including real life MREL calculations) to help course participants learn by doing.
Acquire the essentials of the new EU banking resolution regime – its rules and principles, actors and procedures
Understand and apply the key concepts of bank resolution (e.g. the Public Interest Assessment, the four Resolution Tools, Bail-In, No Creditor Worse Off, Valuation, Minimum Requirements for Own Funds and Eligible Liabilities, Funding in Resolution)
Learn how to assess recovery plans in practice
Learn how to design and implement resolution plans in practice