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Instructors: Christos Gortsos (National and Kapodistrian University of Athens and EUI – Fernand Braudel Senior Fellow), Seraina Grünewald (University of Zurich)
Area: Bank Regulation, Supervision and Resolution
Level: Introductory/Intermediate

This course introduces the concept of bank resolution and its main attributes. Then, it presents the EU framework governing resolution of credit institutions, the provisions on the Single Resolution Fund under the SRM Regulation and the related Intergovernmental Agreement.

At the end of this course, which is open to non-economists, participants will have acquired thorough knowledge on:
- The main elements of the international and the EU regulatory framework on resolution.
- The sale of business, bridge institution, asset separation, bail-in.
- The conditions for resolution.
- The alternative forms of permissible state aid under the new framework.

Thomas Huertas, María Nieto, 26 August 2012

In June 2012 the EU proposed both a banking union and a framework for bank resolution. This column argues that the proposed Crisis Management Directive is a step in the right direction for resolution but that banking union needs a single resolution authority and single resolution fund along with a single supervisor.

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CEPR Policy Research