the areas of bank resolution and crisis management frameworks. The institutional framework in Spain has been strengthened … and is more appropriate for managing the resolution process. At the Banking Union level, the Single Supervisory Mechanism … is responsible for supervising all significant entities. The Single Resolution Board is the resolution authority for such …

Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw … thereof. These factors have challenged the effectiveness of many of the typical tools for bank resolution. This publication … focuses on the issues raised in systemic crises, not on the resolution of individual bank problems. Based on the lessons …