Public funding of failing banks in the European Union (LBF vol. 19) 2020/8.7.3:8.7.3 Elimination of the role of Member States in the restructuring process

Public funding of failing banks in the European Union (LBF vol. 19) 2020/8.7.3

8.7.3 Elimination of the role of Member States in the restructuring process

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Section 8.6.7 discussed the possibility of creating an integrated restructuring process when EPFS is involved in resolution. A complicating factor in that respect is the role of the Member States: while they play a role in the restructuring process under the State aid regime, they have no role in the restructuring process under the resolution framework. The question is, however, whether the Member States within the European Banking Union should still have a role in the restructuring process of a bank. It may make more sense to make the resolution authority responsible for preparing the integrated restructuring plan with the assistance of the competent authority and the bank, thereby following the division of competences under the SRM and SSM.

If a further centralisation of public funding sources takes place, as discussed in section 8.7.1, this will also lead to further elimination of the role of Member States.

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