12 September 2012

Vienna 2 Initiative holds workshop on cross-border bank supervision and resolution in emerging Europe

The Steering Committee of the Vienna 2 Initiative organised a high-level workshop on the topic of bank supervision, resolution and banking union with particular regard to emerging Europe in London on 12 September, 2012.

The workshop discussed supervisory cooperation between home and host supervisors and resolution procedures during normal times and periods of crisis. Resolution issues relating to the banking union framework were also discussed.

Held on the same day as the European Commission’s release of its proposals for the European single supervisory mechanism - as a first element of the banking union - the workshop had a preliminary discussion on the implications of these proposals for emerging Europe. Participants highlighted the need for consistent progress on resolution and deposit guarantees. There was also a discussion of the implications for emerging Europe of options for the banking union.

Participants in the meeting included senior policy-makers from central banks, supervisory authorities and ministries of finance from home and host countries, representatives of major cross-border banks, European institutions, as well as international financial institutions.

The Vienna 2 Initiative plans to present reports on bank supervision, bank resolution and banking union as they affect emerging Europe to various European Union policy-making fora in the near future.

Press release

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