Bank Resolution is dead: authorities dare not use it – and instead risk destroying capital markets

— blog published on 1st April 2023 and the underlying article by IREF Europe on 29th March 2023 —

The template created after the Global Financial Crisis of 2007/8 to shield taxpayers from direct bailouts of failed banks has already folded – authorities dare not use it.

The template is to put failed banks into ‘resolution’, with […]