FINANCE, RISK AND COMPLIANCE: RESOLVABILITY 

 

FINANCE, RISK AND COMPLIANCE : RESOLVABILITY

  • Christine De Marco
  • Published: 17 December 2019

The Single Resolution Board (SRB) launched a public consultation on 23rd October 2019 outlining its expectation for banks, this consultation seeks to provide best practice and guidelines on key aspects of resolvability including a bank’s capability to demonstrate resolvability and its preparations for crisis management.
 

The SRB publication of expectations for banks details seven dimensions which banks must meet to be considered resolvable. These include:

  • Governance
  • Loss Absorption and recapitalisation capacity
  • Liquidity and funding resolution
  • Operational continuity and access to FMIs
  • Information systems and data requirements
  • Communication
  • Separability and restructuring.

Read this paper to discover the challenges, impact and key requirements for banks.