IMF Staff Country Reports

Euro Area Policies: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management

July 19, 2018

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Euro Area Policies: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management, (USA: International Monetary Fund, 2018) accessed December 21, 2024

Summary

The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.

Subject: Bank resolution, Bank resolution framework, Banking, Crisis management, Crisis resolution, Financial crises, Financial sector policy and analysis, Financial sector stability

Keywords: Bail-in regime, Bank resolution, Bank resolution framework, Central bank, CR, Crisis management, Crisis resolution, Financial sector stability, Global, Insolvency regime, ISCR, Liquidation regime, Member state, Public funds, Resolution authorities, Resolution plan, Senior debt, SRB advance resolution preparation, SRB board member, SRB chair, SRB decision-making authority, SRB resolution scheme, SRB staff

Publication Details

  • Pages:

    49

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/232

  • Stock No:

    1EUREA2018009

  • ISBN:

    9781484369661

  • ISSN:

    1934-7685

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