Speakers
Chair
Edouard Fernandez-Bollo
Member of the Supervisory Board - European Central Bank (ECB)
Public Authorities
Ashok Bhatia
Director, Offices in Europe - International Monetary Fund (IMF)
Elke König
Chair - Single Resolution Board (SRB)
Dominique Laboureix
Secretary General - Autorité de Contrôle Prudentiel et de Résolution (ACPR)
Giuseppe Siani
Head of the Directorate General for Financial Supervision and Regulation - Banca d'Italia
Industry Representatives
Juan Poswick
Head of Recovery and Resolution - BNP Paribas
Karl-Peter Schackmann-Fallis
Executive Member of the Board - Deutscher Sparkassen- und Giroverband (DSGV)
Objectives of the session
The session will assess the policy measures and necessary changes in the European institutional framework that would ensure in all Member States a smooth exit from the market in case of Failing of Likely to Fail (FOLF) small and medium sized banks that do not pass the Public Interest Assessment (PIA). Then the session will discuss how to address the funding gap in resolution notably for small and medium sized banks whether or not they are under the remit of the SSM and SRB.
To the extent that there is consensus among public decision-makers and industry to define the PIA in a single way in Europe and to ensure consistency between the State aid framework and the renewed CMDI framework, these two issues will not be discussed on this occasion.
Points of discussion
- What policy measures would ensure in all Member States a smooth exit from the market in case of FOLF small and medium sized banks that do not pass the PIA (whether or not they are under thee remit of the SSM and SRB)?
- How to address the funding gap in resolution of medium sized banks? What role for Deposit Guarantee Schemes? How can an earlier and more flexible use of the DGS be compatible with maintaining the bail-in tool as the cornerstone of the Banking Union resolution strategy