Resolution and Restructuring
Documents from 2022
Punktum i langtrukken Roskilde Bank-sag: Tidligere direktør skal betale 231 millioner, Birgitte Erhardsten
Denmark: Former Roskilde Bank director fined DKK 231.7mn, Esmerk Danish News
Judgment of the General Court of 1 June 2022 - Fundacion Tatiana Perez de Guzman el Bueno and SFL v SRB, European General Court
Answer given by Executive Vice-President Vestager on behalf of the European Commission, European Parliament
National ordinary courts: Denmark, European Union
Action for nullity of the share acquisition contract brought against the universal successor of the credit institution subject to a resolution decision, European Union: Court of Justice/ European Court of Justice
The actions seeking annulment of the resolution scheme in respect of Banco Popular and/or the Commission decision endorsing that scheme are dismissed in their entirety, European Union: Court of Justice/ European Court of Justice
Case T-523/17: Judgment of the General Court - Elevete Invest Group and Others v Commission and SRB, European Union: Courts: European Court of Justice (ECJ)
Promoting Global Financial Stability: 2022 FSB Annual Report, Financial Stability Board (FSB)
Annual Report 2021, Heta Asset Resolution
Institutional Protection Schemes - What are their differences, strengths, weaknesses, and track records?, Harry Huizinga
Iceland: Depositors' and Investors' Guarantee Fund, Adam Kulam
Landsbankinn hf. Consolidated Financial Statements 2022, Landsbankinn HF
Lone Star's Novo Banco Sees No Significant Rise in Bad Loans, Jao Lima
European Union and Monetary Union in Permanent Crisis I: An Inventory, Dirk Meyer
Investor Presentation & Performance Review, Novobanco
Management of Novo Banco by Lone Star, bank recovery and resolution criteria and capital requirements, João Pimenta Lopes
The Court of Auditors' Audit Report on the management of Novo Banco confirms options that are harming the country in billions of euros, Portuguese Communist Party
EU court rules against compensating Banco Popular investors, Reuters Staff
Deloitte concludes that Novo Banco failed in its search for debtors' assets, Sara Ribiero
The Rescue of Banks in Crisis." In Ethics in Banking: Is It Possible?, Cristina Rovera
Roskilde Banks direktør skal betale kæmpe erstatning, Niels Sandøe
Court ruling in dispute between Reap and ex-bankers Kargins and Krasovickis takes effect, The Baltic Times
United Kingdom: Financial Services Compensation Scheme, Ezekiel Vergara
Documents from 2021
Banco Espirito Santo Scandal, Intekhab Alam
Annual Report for the National Resolution Fund, Banca d'Italia/Central Bank of Italy
Comunicado do Banco de Portugal sobre a conclusao da auditoria especial ao Novo Banco prevista na Lei n. 15/2019, Banco de Portugal/Central Bank of Portugal
Historical Review of Bankia - About Bankia, CaixaBank
Banking Resolution: Expansion of the Resolution Toolkit and the Changing Role of Deposit Insurers, Ryan Defina
Annual Report 2020, Dexia Group N.V./S.A.
Clarity on Novo Banco Capital Injections Could Help Portuguese Banks, Fitch Ratings
Portugal's Resolution Fund injects $127 million into Novo Banco, Sergio Goncalves
Portugal's Resolution Fund pumps $386 mln into Novo Banco, Sergio Goncalves
Liquidation filing for legacy Laiki took seven years, Elias Hazou
Group Annual Report 2020, Heta Asset Resolution
Edict Financial Market Authority, Republic of Austria: Financial Market Authority
UPDATE 1-Spain's Bankia stake sale deadline extended by two years, Reuters Staff
Spain - Fondo de Reestructuracion Ordenada Bancaria (FROB) Capital Injections Capital Injections, Priya Sankar
SFPI Annual Report 2020, SOCIÉTÉ FÉDÉRALE DE PARTICIPATIONS ET D’INVESTISSEMENT (SFPI)
Documents from 2020
Ex-IMF head Rato acquitted over Bankia IPO, prompts legal change calls, Jesús Aguado and Emma Pinedo
Esclarecimento do Banco de Portugal sobre o contrato de venda do Novo Banco, Banco de Portugal/Central Bank of Portugal
Market awaits equity conversion for Piraeus Bank CoCos, Tyler Davies
Annual Report 2019, Dexia Group N.V./S.A.
Portugal will not renege on Novo Banco commitments: finance minister, Sergio Goncalves
Novo Banco boss hits back at harsh parliamentary criticism, Christopher Graeme
Cronologia del 'caso Bankia': hitos clave del fiasco del banco, Hugo Gutiérrez
Annual Report 2019, Heta Asset Resolution
Italy: Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements, International Monetary Fund (IMF)
Dunfermline Building Society - in Building Society Special Administration - Joint Administrators' final progress report for the period 31 January 2020 to 13 May 2020, Klynveld Peat Marwick Goerdeler (KPMG)
The United Kingdom's Credit Guarantee Scheme (U.K. GFC), Christian McNamara
Funding the Resolution of Systemically Important Banks: The Developing Country Challenge, Kemar Richards
Decision determining whether compensation needs to be granted to the shareholders and creditors in respect of which the resolution actions concerning Banco Popular Espanol S.A. have been effected, Single Resolution Board
SRB decides no compensation due to Banco Popular shareholders and creditors, finding that insolvency would have been more costly, Single Resolution Board
SAREB Annual Activity Report 2020, Sociedad de Gestion de Activos procedentes de la Reestructuracion Bancaria (SAREB)
Annual Report 2019 (SFPI), SOCIÉTÉ FÉDÉRALE DE PARTICIPATIONS ET D’INVESTISSEMENT (SFPI)
Prosecutors accuse ex-chief over collapse of Banco Espirito Santo, Peter Wise
SSM and the SRB accountability at European level: room for improvements?, Jonathan Zeitlin and Filipe Brito Bastos
Documents from 2019
Financial Stability Review, Issue 36, Banco de Espana/Central Bank of Spain
Ex-Chief of Iceland Bank Sentenced to Jail for Role in 2008 Crisis, Chad Bray
Just 6 cents on the Euro for Laiki haircut victims, Cyprus Mail
Annual Report 2018, Dexia Group N.V./S.A.
Decision in cases 1141/2019/SRS, 1417/2019/SRS and 1015/2019/SRS, European Ombudsman
Crisis in Cyprus: 'no negotiating power, no credibility', European Stability Mechanism
Italian savers approve compensation scheme in a boost to economy minister, Giueseppe Fonte and Stefano Bernabei
Contingent Capital Agreement entered into with Novo Banco, Fundo de Resolução/Resolution Fund
Rushed Popular resolution casts long shadow over Europe's banks, Gareth Gore
Banco Popular's failure leaves questions unanswered, Thomas Hale, Robert Smith, and Martin Arnold
Bank Resolution Key Issues and Local Perspectives, QC Hodge Malek, James Potts, and Sophia Dzwig
A Resolution in the Spanish Banking Sector: The Case of Banco Popular Espanol, Magdalena Kozińska
The Portuguese Experience on Banking Resolution - Challenges and Lessons Learned, Pedro Machado
Testing the EU Framework for the Recovery and Resolution of Banks: the Italian Experience, Stefano Micossi
Mandate Notice, Republic of Austria: Financial Market Authority
Notification of the application of resolution measures in respect to Heta Asset Resolution AG, Republic of Austria: Financial Market Authority
Presentation Notice, Republic of Austria: Financial Market Authority
Banco Popular bondholders file new suit against EU body in European Court, Reuters Staff
State can compensate small savers over misselling of bank bonds - EU's Vestager, Reuters Staff
Santander successfully completes integration of Banco Popular's branches on schedule, Santander Group
Framework for Valuation - Q&A, Single Resolution Board
SRB Annual Report 2017, Single Resolution Board
Piraeus Bank S.A. Announces the Completion of its Restructuring Plan, Andy Smith
SFPI Annual Report 2018, SOCIÉTÉ FÉDÉRALE DE PARTICIPATIONS ET D’INVESTISSEMENT (SFPI)
EU General Court Annuls Commission's Banca Tercas State Aid Decision, Mario Todino
Portugal's Novo Banco to receive new capital injection after posting EUR1.4bn loss, Peter Wise
Documents from 2018
Portuguese lender Novo Banco slumps to a EUR1.4bn loss, Martin Arnold
Banco de Espana Financial Stability Report - November 2017, Banco de Espana/Central Bank of Spain
Belgium Postpones Flotation of Belfius Bank, Philip Blenkinsop
Financial Report 2017, Carinthian Compensation Payment Fund
Measuring the Implementation of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions in the European Union, Nicholas Coleman, Andromachi Georgosouli, and Tara Rice
Q3 2018 Piraeus Bank SA Earnings Call - Final, CQ FD Disclosure
Banco Popular Valuation Report ("Valuation 3"), Deloitte
Valuation of difference in treatment: Banco Popular Espanol ("Valuation 3"), Deloitte
Annual Report 2017, Dexia Group N.V./S.A.
Ricardo Salgado: nine lawsuits, 21 crimes so far, ECO News
Compensation of Investors in Belgium, European Parliament
Valuation Reports in the Context of Banking Resolution: What are the Challenges?, European Parliament
Interim report by the FSC containing information on the legal action against Roskilde's management., Finansiel Stabilitet (FSC)
Managing the Next Financial Crisis: An Assessment of Emergency Arrangements in the Major Economies, Group of Thirty
The Novo Banco debacle and the rule of law in Europe, Thomas Hale
The Novo Banco saga continues, Thomas Hale