What works and what doesn't in the EU bank resolution framework


October 25, 2023, 9:00 AM to 10:00 AM EDT
Virtual Event
Nicolas Véron (PIIE), Dominique Laboureix (EU Single Resolution Board) and Kathryn Judge (Columbia Law School)

Event Summary

The European Union intended to bring an end to taxpayer-funded bank rescues when it adopted the Bank Recovery and Resolution Directive in 2014 and established the Single Resolution Board (SRB) as the central resolution authority in the euro area. Cases since then, however, suggest this endeavor has achieved at best partial success. Meanwhile, the US bank resolution framework, long viewed as the reference for global best practice, met unexpected challenges in March 2023. This session takes stock.


Nicolas Véron
Senior Fellow, Peterson Institute for International Economics (PIIE)


Dominique Laboureix
Chair, EU Single Resolution Board

Kathryn Judge
Harvey J. Goldschmid Professor of Law, Columbia Law School



About This Series

Financial Statements is a biweekly virtual event series hosted by Nicolas Véron that explores changes in the world of finance, encompassing themes of financial services regulation, corporate finance and governance, systemic fragility and crises, and structural changes driving business and policy trends in the financial sector.