This online course gives an overview of bank recovery and resolution as it is currently being implemented in the euro area, EU countries in central and south eastern Europe and elsewhere in emerging Europe. 

The discussion will be motivated by a review of past bank failures and the case for ending taxpayer funded bank rescues. This will be the basis for an analysis of key elements of the EU regime (BRRD) and the procedures and guidance implemented by the Single Resolution Board. The course will cover all phases of bank distress, including recovery planning, the design of resolution plans, determination of non-viability, and different paths to resolution. Participants will gain an understanding of designing resolution plans. Following this course, they will be in a better position to coordinate resolution plans with financial firms in their jurisdictions, and with authorities elsewhere in Europe.

The course will consist of two substantive sessions, and a concluding third session in which participants will present work on an assigned case study. Active participant involvement is expected.

What will you learn

Webinar 1, November 26 at 10:00 a.m (CET)

• Introduction to the course
• Bank failures in Europe and the case for bank resolution
• Bail-out or bail in? The record of bank resolution in Europe
• An overview of resolution action under the BRRD​
• Homework assignment guidelines

Webinar 2, December 2 at 10:00 a.m (CET)

• Resolution plans 
• The resolution weekend
• Cross-border coordination of resolution plans

Webinar 3, December 4 at 10:00 a.m (CET)

• Discussion of the assignment case study of a resolution of a bank with subsidiaries in emerging Europe

Who should attend

Employees working in banking regulation, supervision and resolution departments in central banks and banking/financial supervisory authorities. Employees working in financial sector regulation in ministries of finance are also welcome to join.

Faculty

• Alexander Lehmann, Independent Expert

Alexander joined Bruegel as a visiting Fellow in October 2016 and is now a non-resident fellow. He focuses on banking and capital markets policy in Europe. Currently, he is also engaged as adjunct professor at the Hertie School of Governance in Berlin, and a consultant to a number of central banks in eastern Europe and the Asian Development Bank.

Until 2016, Alex was the Lead Economist at the European Bank for Reconstruction and Development (EBRD) where he headed the strategy and economics unit for central Europe and Baltic countries. From the Bank’s regional office in Warsaw he coordinated policy dialogue with governments and central banks in the region. Previously, he was an official at the International Monetary Fund in Washington, acted as consultant for the World Trade Organisation and the central Bank of Mexico, and worked in research and teaching positions at the Royal Institute of International Affairs (Chatham House) and the London School of Economics. He has published on trade and competition policies, and on financial regulation in the Euro area and emerging markets. He holds an MSc in economics from the London School of Economics and a D. Phil. from Oxford University.

Partners

This learning initiative was supported by: