Funding of Banks in Resolution

• Autorzy: Andrzej Dżuryk
• Języki publikacji: EN

Abstrakty

EN

The article presents the outcome of the research executed by the author, which formed the position of the European Financial Congress (EFC) in relation to the Financial Stability Board's consultative document on Funding Strategy Elements of an Implementable Resolution Plan. The position, was based on the opinions of stakeholders of Polish financial market, represented by banks, regulatory bodies, law firms and the academia. The consultative document set out proposed guidance on the development of a plan for funding banks in resolution. The research revealed a wide array of challenges in the development of firm capabilities to facilitate the execution of the funding strategy in resolution. Additional issues were raised regarding relevant aspects for estimating liquidity needs in resolution process. There were indicated numerous obstacles to the mobilisation of assets that could be used as collateral for particularly private sector backstop sources of funding. All those blocking points could be removed by public sector support funding, subject to certain conditions. Moreover, there are a number of actions that could be taken by G-SIBs and authorities to support the development and implementation of resolution funding and there are also some other aspects of funding strategy which shall be also considered. (original abstract)

Słowa kluczowe

EN

Banks restructuring; Liquidation of banks; Financial sustainability; Source of financing; Financial strategy; EU directives; Research results

PL

Restrukturyzacja banków; Likwidacja banków; Stabilność finansowa; Źródła finansowania; Strategia finansowa; Dyrektywy UE; Wyniki badań

• Czasopismo: Bezpieczny Bank
• Rocznik: 2018
• Numer: nr 2 (71)
• Strony: 126--136

Twórcy

autor

Andrzej Dżuryk

• University of Gdansk, University of Gdansk; Société Générale Corporate and Investment Banking Branch in Poland

Bibliografia

• Aguado, J., Guarascio, F., ECB triggers overnight Santander rescue of Spain's Banco Popular, Reuters, 7 June 2017, https://www.reuters.com/article/us-popular-m-a-santander/ecbtriggers- overnight-santander-rescue-of-spains-banco-popular-idUSKBN18Y0IU [Accessed: 11.03.2018].
• Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/ EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council, Official Journal of the European Union, L 173/190, 12.6.2014, http://eur-lex.europa.eu/legal- content/EN/TXT/PDF/?uri=CELEX:32014L0059&from=PL [Accessed: 11.03.2018].
• European Financial Congress, www.efcongress.com [Accessed: 11.03.2018].
• Financial Stability Board, http://www.fsb.org/what-we-do/ [Accessed: 11.03.2018].
• Funding Strategy Elements of an Implementable Resolution Plan, Financial Stability Board, 30 November 2017, http://www.fsb.org/wp-content/uploads/301117-2.pdf [Accessed: 11.03.2018].
• Guiding Principles on the temporary funding needed to support the orderly resolution of a global systemically important bank, Financial Stability Board, 18 August 2016, http://www. fsb.org/wp-content/uploads/Guiding-principles-on-the-temporary-funding-needed-tosupport- the-orderly-resolution-of-a-global-systemically-important-bank-%E2%80%9CGSIB% E2%80%9D.pdf [Accessed: 11.03.2018].
• Key Attributes of Effective Resolution Regimes for Financial Institutions, Annex III 'Essential elements of recovery and resolution plans', Financial Stability Board, October 2011, http://www. financialstabilityboard.org/publications/r_111104cc.pdf, an update published in October 2014, http://www.financialstabilityboard.org/2014/10/r_141015/ [Accessed: 11.03.2018].
• Position of the European Financial Congress in relation to the Financial Stability Board's consultative document on Funding Strategy Elements of an Implementable Resolution Plan, European Financial Congress, January 2018, http://www.efcongress.com/sites/default/ files/analizy/position_of_the_efc_funding_strategy_in_resolution.pdf [Accessed: 11.03.2018].
• Recovery and Resolution Planning: Making the Key Attributes Requirements Operational, Financial Stability Board, November 2012, http://www.fsb.org/wp-content/uploads/r_121102. pdf?page_moved=1 [Accessed: 11.03.2018].
• "Zarządzanie Ryzykiem i Kapitałem w Bankach" Conference, National Bank of Poland, Warsaw, 23 February 2018, http://zrk.projektekf.pl/ [Accessed: 11.03.2018].
• ---

Identyfikatory

DOI

10.26354/bb.7.2.71.2018