The financial crisis we experienced ten years ago resulted in a substancial amount of public money being injected into banks to save them from failing and thus letting the taxpayers carrying the burden. The crisis revealed the need to overhaul the regulatory framework for banks and gave rise, via the Bank Recovery and Resolution Directive, to a new cross-border resolution mechanism for the Banking Union.
- Why set up the SRF Reporting and Liability Data Report templates?
- Why did the Single Resolution Board choose XBRL as the standard for data collection?
- What are the main challenges for National Resolution Authorities?
- What is the risk of poor-quality reporting data for the banks?
Director, Head of Marketing & Communication, Invoke
Director, Head of the Banking & Insurance Division, Invoke
Head of Professional Services for Supervisory Authorities, Invoke
Subject Matter Expert, Head of the Regulatory Watch department, Invoke