Plans for surviving a major crisis to undergo intense scrutiny next year.
The skyline of the banking district is seen in Frankfurt, September 18, 2014. REUTERS/Kai Pfaffenbach
The need for credible options was reinforced after the Swiss central bank stepped in with a liquidity backstop for Credit Suisse in March, before it was taken over by rival UBSThe European Banking Authority said on Thursday that it will begin checking next year whether national regulators are testing the assumptions banks have on finding liquidity after a collapse, particularly in light of the "potential speed of deposit withdrawals, a crucial element that emerged in the context of the...
The EBA on Thursday published findings from its first report looking at how regulators across the 27-country EU apply 'resolution' rules introduced after the global financial crisis to avoid taxpayer bailouts of banks. "Strategies and actions suggested by institutions to support liquidity in resolution remained limited and mostly focused on accessing central bank facilities," EBA said in its report.
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