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

🐦🔗: https://nitter.eu/EU_SRB/status/1554814889868279814

#AcronymWednesday #FOLTF 🤓

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.

#EndingTbtf

🐦🔗: https://nitter.eu/EU_SRB/status/1514121376441028608