The Chair of the Single Resolution Board (SRB), Dominique Laboureix, raised the issue of developing a regulatory framework for managing a crisis arising from the failure of a ‘non-banking financial institution’ (NBFI) on Wednesday 15 October at a conference organised to mark the 10th anniversary of the European authority responsible for resolving major bank failures within the banking union.
“From banks’ exposures to non-bank financial institutions to the development of the...