AFME continues to support the development of an effective recovery and resolution framework in Europe and the ongoing work to enhance resolvability. AFME has been closely involved in the development and implementation of the BRRD and SRMR, the development of TLAC, and related issues including deposit insurance, and supports the Eurogroup view that a consistent and effective framework for managing banks in distress is a critical part of the Banking Union.
In this regard, please see the following industry position papers relating to the upcoming CMDI package:
CMDI Position Paper
Extending the moratorium tool – a detriment to resolution