The Institute sponsored a two-day executive seminar (29-30 June) on “Financing Banking Resolution” organised by the European University Institute in Florence (Robert Schuman Centre for advanced studies) and its Florence School of Banking and Finance.
The purpose of the seminar was to take stock of recent developments in the design, implementation and enforcement of Europe’s banking resolution regime and to discuss possible inconsistencies and shortcomings. Among topics discussed were the key success factors and potential weaknesses of the existing banking resolution toolkit and the balance currently reached between the European and the national dimensions of the new regulatory framework.
It highlighted the challenges the competent authorities face when dealing with failing banks as well as commended the first achievements of the new resolution framework in boosting confidence in banks and financial stability. The seminar was by invitation only. It provided a valuable opportunity to hear first-hand accounts from professionals involved in resolving European banks’ problems both before and after the implementation of the European directive on bank recovery and resolution adopted in 2014.