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Resolution planning and MREL calibration: a prospective exercise under uncertainty, and its legal implications
This paper analyses the legal challenges involved in resolution planning and the calibration of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Focusing on cases before the Appeal Panel of the Single...
This paper examines how the creation of the Single Supervisory Mechanism (SSM) affected banks’ lending behaviour, risk outcomes and the transmission of banking shocks in the euro area. Using data from 2010 to 2021, the authors find that banks under SSM supervision experienced more stable loan growth, with lower volatility in their lending portfolios. The paper also identifies positive spillover effects on non-SSM banks and suggests that the SSM helped weaken the link between individual banking shocks and broader economic growth.
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This paper is part of the Banking Supervision Policy Working Paper Series in the context of the SSM-EUI partnership on SSM Banking Supervision Learning Services. Read more.