This policy brief is based on speech by Mr Fernando Restoy, Chair, Financial Stability Institute, at the IMF-JVI-Yale Program on Financial Stability, Course on Financial Crisis Management, Vienna, 17 September 2024.
References
Acharya, A, E Carletti, F Restoy and X Vives (2024): “Banking turmoil and regulatory reform“, IESE Banking Initiative and CEPR, June.
Costa, N, B Van Roosebeke, R Vrbaski and R Walters (2022): “Counting the cost of payout: constraints for deposit insurers in funding bank failure management“, FSI Insights on policy implementation, no 45, July.
European Commission (EC) (2021): Targeted consultation on the review of the crisis management and deposit insurance framework, January.
Federal Deposit Insurance Corporation (FDIC) (2023a): Options for deposit insurance reform, May.
— (2023b): Fact sheet on proposed rule to require large banks to maintain long-term debt to improve financial stability and resolution, August.
Financial Stability Board (FSB) (2023a): 2023 bank failures: preliminary lessons learnt for resolution, October.
— (2023b): 2023 Resolution Report: Applying lessons learnt, December.
Garicano, L (2020): “Two proposals to resurrect the Banking Union: the Safe Portfolio Approach and SRB+“, paper prepared for ECB conference on “Fiscal policy and EMU governance”, Frankfurt, 19 December.
Gelpern, A and N Véron (2020): “Europe’s banking union should learn the right lessons from the US”, Bruegel Blog, 29 October.
Gruenberg (2023): “Statement by Martin J. Gruenberg, Chairman, FDIC, on the notice of proposed rulemaking on long-term debt“, August.
Restoy, F (2016): “The challenges of the European resolution framework“, closing address of the conference “Corporate governance and credit institutions’ crises”, organised by the Mercantile Law Department, UCM (Complutense University of Madrid), Madrid, 3 November.
— (2019): “How to improve crisis management in the banking union: a European FDIC?“, speech at the CIRSF Annual International Conference 2019 on “Financial supervision and financial stability 10 years after the crisis: achievements and next steps”, Lisbon, 4 July.
— (2023): “MREL for sale-of-business resolution strategies“, FSI Briefs, no 20, September.
Restoy, F, R Vrbaski and R Walters (2020): “Bank failure management in the European banking union: what’s wrong and how to fix it“, FSI Occasional Paper, no 15, July.
Single Resolution Board (SRB) (2023): SRB MREL Dashboard Q2.2023, November