{"id":9280,"date":"2020-06-02T09:51:04","date_gmt":"2020-06-02T09:51:04","guid":{"rendered":"http:\/\/localhost\/~sascha\/ebi_europe\/wordpress\/?page_id=9280"},"modified":"2021-11-30T13:14:46","modified_gmt":"2021-11-30T13:14:46","slug":"tf-financial-resolution","status":"publish","type":"page","link":"https:\/\/ebi-europa.eu\/projects\/workstreams\/tf-financial-resolution\/","title":{"rendered":"Financial Resolution"},"content":{"rendered":"\t\t
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Working Group on Financial Resolution<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Financial Resolution Task Force is gathering academics, regulators and practitioners who are engaging in informal exchanges of views on bank resolution topics in order to promote dialogue and research in that area. It examines the full scope of relevant topics and highlights the current challenges in order to give impetus to innovative regulatory avenues and practical solutions. It also makes benefit of academic publications and ongoing research from practical experience and insights.<\/p>

By engaging in such collaborative exercise, it is expected that the Task Force will make a contribution to the further development of appropriate regulation and processes which are crucial for more efficient and, to the extent possible, cost-neutral resolution of financial institutions in Europe and beyond.<\/p>

Prof. Dr. Georg Ringe<\/b>, Hamburg University, and Prof. Dr. Christos Gortsos<\/b>, National and Kapodistrian University of Athens, are the academic co-leaders of this Task Force.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Wolf-Georg-Ringe\"\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Prof. Dr. Georg Ringe<\/h6><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"Christos-Gortso2s\"\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Prof. Dr. Christos Gortsos<\/h6><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tTerms of Reference<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

EBI TF Financial Resolution – Terms of Reference (April 2019)<\/a><\/p>

A. Compilation of databases \u2013 exchange of information<\/h6>
  1. Compile a list of topics relating to the resolution of banks and other categories of financial firms (\u201cFinancial Resolution\u201d), which are of interest to EBI academic, advisory and supporting members and which merit further research.<\/li>
  2. Facilitate the dissemination of draft working papers or contribute raw information and other early stage research among interested EBI members on individual topics relating to Financial Resolution with a view to gathering relevant data, sharing views, engaging in constructive debate and developing ideas. Conference calls may be organised to facilitate this exchange of information.<\/li><\/ol>
    B. Promotion of research\u00a0<\/h6>

    Encourage EBI academic members and other scholars with an interest in Financial Resolution to lead research in the individual topics identified with a view to producing working papers for the EBI Working Paper Series and\/or other publishing outlets.<\/p>

    C. Internal cooperation<\/h6>

    Schedule a conference call, at least three times per year, in order to report to the members of the Financial Resolution Task Force on its work, including its research priorities and research outputs and facilitate the updating of the list of topics relating to Financial Resolution.<\/p>

    D. Cooperation with EU agencies and international fora<\/h6>
    1. Establish a permanent cooperation with the Single Resolution Board (SRB) in order to discuss issues of common interest in the field of Financial Resolution in the European Union (EU) and submit research papers produced by the EBI academic members and other scholars specialised in the field of Financial Resolution. Organise an Annual Conference with the SRB on relevant issues open to a wider audience.<\/li>
    2. Establish a permanent cooperation with the European Banking Authority (EBA) and the European Central Bank (ECB) (and potentially the European Insurance and Occupational Pensions Authority (EIOPA)) in order to discuss regulatory issues in the field of Financial Resolution in the EU.<\/li>
    3. Establish a cooperation with the Financial Stability Board (FSB) in order to discuss international regulatory developments in the field of Financial Resolution and their impact on the relevant EU regulatory framework.<\/li>
    4. Sustain a dialogue with these institutions about which data (either non-confidential or anonymised) could be made available for research purposes.<\/li><\/ol>
      E. Broader dissemination of work \u2013 organisation of events<\/h6>
      1. Encourage the organisation of workshops, seminars, and conferences to present the research produced to a wider audience.<\/li>
      2. Organise a panel at the EBI Annual Conference on a Financial Resolution topic.<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t
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        \n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tList of Relevant Topics<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
        EBI TF Financial Resolution – Priority Topics (April 2019)<\/a>\n
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        1. Preparation for resolution: resolution planning \u2013 impediments to resolution \u2013 MREL\/TLAC <\/strong>\n
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          1. Resolution planning<\/li>\n
          2. Impediments to resolution: scope, coherence between individual institutions, treatment of retail holders<\/li>\n
          3. The upcoming MREL\/TLAC framework\n