Flyer

 
The symposium will bring together academic scholars, practitioners from regulatory authorities and other parts of the financial safety net, as well as from private practice. Speakers from nine jurisdictions, including several European states, Canada, the USA, Hong Kong and New Zealand, will contribute a wide range of different perspectives and experiences, and thus contribute to a better understanding of a piece of legislation that may be crucial for the management of the present crisis – and, hopefully, the prevention of the next one.
Organisers:
University of Tuebingen in cooperation with
University of Warwick Law School
Jens-Hinrich Binder, University of Tübingen
Dalvinder Singh, University of Warwick

Responding to lessons learnt throughout the global financial crisis, the EU Directive on the Recovery and Resolution of Banks and Securities Firms, also known as the Crisis Management Directive, will substantially change insolvency management for financial services institutions across Europe. With a comprehensive set of supervisory arrangement for crisis prevention and resolution, based on the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institution, the Directive will effect a substantial harmonisation and coordination of present national regimes. The transposition of the new regime into national legislation will require Member States to drastically overhaul existing legislation, which in turn is likely to have a significant impact on both markets and market participants within Europe and beyond.
As the legislative process is approaching its end, this international symposium will discuss both the technical framework and its impact on banking institutions and their counterparties in representative forms of banking activities, including retail and wholesale de-positors, counterparties to financial derivatives, and the providers of relevant parts of the market infrastructure, e.g., payment and securities settlement systems, exchanges, or central counterparties. Special attention will be dedicated to the international coordination of resolution.