Niamh Moloney, @LSElaw professor at the #SRBlegal2023 conference "The current EU framework is a live-part of the UK system. Resolution is the most agile and flexible process to #FOLTF and has taken the weight in financial stability."
🐦🔗: https://n.respublicae.eu/EU_SRB/status/1651541201818996737
What does it mean when a bank is failing or likely to fail? #FOLTF #AcronymWednesday
1)No supervisory or private sector intervention can restore the bank to viability in time
2)Financial stability and public interest are threatened
Learn more: https://bit.ly/3RGXJsD
Failing or likely to fail: Authorities determine a bank as FOLTF, when no other supervisory or private sector intervention can restore it to viability. After a bank is determined FOLTF, the SRB initiates its resolution.
#Acronymwednesday #FOLTF #endingTBTF