He says: "Bluntly, the challenge is how to sustain the provision of financial services during a crisis without the state bailing out uninsured creditors". He supports the increased adoption by national authorities of special resolution regimes (SRR). But he stresses that each country having its own SRR does not address the resolution of cross-border banking groups or investment banks with complex trading books.
Published on
19 March 2010
Press release