Keres
Public hearing with Dominique Laboureix, Single Resolution Board Chair - 3 March 2025
This briefing has been prepared for the public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix on 3 March 2025. This briefing addresses: • A critical review of the SRB’s 2025 Work Programme • Regular reporting on MREL (Q3 2024) • Updated Operational Guidance on OCIR • Consultations and Requests to Industry for 2025 • Single Resolution Fund (SRF) continues to be at the target level • Gauging the impact of the CMDI reform.
Looking back at 10 years of Banking Union’s case law
This briefing presents an overview of six papers prepared by an academic expert panel for the Banking Union, covering 10 years of case law in the Banking Union. The studies focused on the evolution of Court of Justice of the European Union (CJEU) practices in shaping resolution and supervisory practices within the Banking Union. The studies were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Ϸվ.
Looking back at 10 years of parliamentary scrutiny in the Banking Union
This briefing presents a summary of 3 studies prepared by academic expert panel for the Banking Union on the occasion of 10 years of parliamentary scrutiny over key authorities within the Banking Union, the Single Supervisory Mechanism (SSM) and the Single Resolution Board (SRB). It also presents proposals for enhancing the accountability framework governing these authorities. These studies were requested by the Committee on Economic and Monetary Affairs (ECON) of the European Ϸվ.
Council position on the CMDI reform- An initial analysis regarding key aspects of the proposed bank crisis management framework
Following the negative reaction from the Commission when the Council published its general approach to the CMDI reform, this briefing provides some initial analysis regaring the key aspects of public interest assessment, resolution objectives and resolution funding. Clearly, the Council aims for a narrower scope of resolution in harmonised procedures by the Banking Union authorities than the Commission and narrows the available funding accordingly, potentially privileging action under national frameworks ...
Can the Banking Union foster market integration, and what lessons does this hold for Capital Markets Union?
We discuss the contribution of the Banking Union in its current form to market integration in the euro area. While the introduction of single supervision has fostered banking integration, limited progress in single resolution and the absence of a European deposit insurance scheme undermine further advancements. We argue that a significant obstacle to financial integration lies in the persistence of national interests in regulation, supervision, and politics. We also explore the lessons that can be ...
This study examines key rulings on the supervision and resolution of credit institutions in the EU and their impact on the Banking Union framework. It explores how case law has refined the European Central Bank’s practices, shareholders' and boards' rights, and the interaction between ECB and Single Resolution Board powers during ‘failing or likely to fail’ assessments. While highlighting how litigation has clarified processes, rights, and the criteria for resolution, the study’s findings underscore ...
10 years of Banking Union case law
Banking Union is crucial for European integration, ensuring financial stability in the single market for financial services. The Court of Justice of the European Union (CJEU) plays an essential role in interpreting and enforcing the legal framework of the Banking Union, especially regarding the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM). This in-depth analysis scrutinises the pertinent CJEU case law and highlights its implications for the Banking Union and the EU ...
Public hearing with Dominique Laboureix, Chair of the Single Resolution Board - 21 March 2024
This briefing has been prepared for the public hearing with the Chair of the Single Resolution Board (SRB), Dominique Laboureix, scheduled for 21 March 2024. This briefing addresses: • New SRM strategy: Vision 2028 • Single Resolution Fund at target level • Liquidity and liquidity in resolution • MREL dashboard Q3/2023 • List of consultations and requests to the industry.
Public hearing with Claudia Buch, Chair of the ECB / SSM Supervisory Board - 21 March 2024
This briefing has been prepared for the public hearing with the Chair of the Single Supervisory Mechanism (SSM), Claudia Buch, scheduled for 21 March 2024. This briefing addresses: • SSM priorities in the transition between chairpersons • Overly reliant on central bank funding? • SREP results 2023 • Latest supervisory banking statistics • Stress-testing banks’ ability to recover from a cyberattack • Updated guide to internal models • Significant banks’ exposures to Commercial Real Estate ...
Do "white knights" make excessive profits in bank resolution?
This study looks at potential windfall profits for the four banking acquisitions in 2023. Based on accounting figures, an FT article states that a total of USD 44bn was left on the table. We see accounting figures as a misleading analysis. By estimating marked-based cumulative abnormal returns (CAR), we find positive abnormal returns in all four cases which when made quantifiable, are around half of the FT’s accounting figures. Furthermore, we argue that transparent auctions with enough bidders ...