Sven Giegold

Bankenabwicklung: Draghi unterstützt das Europaparlament

In bemerkenswerter Klarheit hat EZB-Präsident Mario Draghi hat unserer Verhandlungsposition zum EU-Bankenabwicklungsmechanismus unterstützt. Am Donnerstag, den 6.3.2014, sagte er folgendes:

„However, let me just say one last thing with respect to that. The ECB – Vítor Constâncio and Danièle Nouy – are working on several issues: undertaking the asset quality review and later the stress test, as well as working on building up a totally new institution, the SSM, which we foresee some 1,000 people working for. And then the question is what about the SRM? Will the SSM start to take charge at the same time as the SRM will take charge? This is an important point because to have a single resolution mechanism working together jointly with the supervisory mechanism would align responsibilities between the one European supervisor and the one resolution authority. So there would be no misalignment of responsibilities. By contrast, if we do not have one SRM, the responsibilities for resolution will remain national, and so we will have a misalignment of responsibilities. We are following with great attention the current discussion between the Council and the European Parliament. The ECB view is that the mutualisation process should be sped up and the governance of this new institution should be effective so that the new institution, the resolution authority, could actually take the swift decisions that are in its very nature because, as we all know, to resolve a bank is a decision that is often taken in hours. So the governance of this new institution should be such that it could decide in a matter of hours. And the third point is that, of course, in order to have this gradual but not too slow mutualisation, one has to have a backstop. And on the backstop, we have always been very open: It could be a credit line from the ESM or it could be borrowing from the markets with joint government guarantees.

Finally, and we have insisted on this a lot, including with you, I think, we have to have a strict separation between the supervisor’s assessment and the resolution assessment. I just wanted to make this point because these are examples of structural reforms that would address a structural problem, namely fragmentation.“

Er fordert also:

  • The mutualisation period must be sped up.  Even at a fast mutualisation if we are going to have gradual mutualisation then there has to be a backstop.  This could be a credit line from the ESM or borrowing from the markets through joint government guarantees.
  • The governance of the SRM needs to be effective so that the authority can take decisions swiftly.  As we all know to resolve a bank is a decision which is often taken in hours.  So the governance of this institution should be such that it can decide in a matter of hours
  • The question is will the SSM take charge at the same time as the SRM… If they start together then responsibilities will be alligned.  If not then supervision will be European and resolution will be national…

Hier nachzuhören:

http://www.ecb.europa.eu/press/tvservices/webcast/html/webcast_140306.en.html

 

Rubrik: Wirtschaft & Währung

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