Bank resolvability in the time of Covid

We will balance flexibility and resilience, says director of EU’s Single Resolution Board

These are unprecedented times. Just nine months ago, few could have predicted the pandemic that the world is currently dealing with.

While the European banking sector entered this crisis in much better shape than it was at the beginning of the previous one, the impact on the banking sector itself is not yet clear; it will largely depend on the measures taken to support the real economy, and how different industries fare during the crisis.

It is realistic to expect that banks with weaker