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.
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.