- Funding Programme
- Year
- 2023
National Resolution Handbook for Slovenia
The European Commission supports the Bank of Slovenia in its role as the National Resolution Authority (NRA) with the preparation of a National Handbook containing detailed guidelines for the operationalization of the resolution tools in Slovenia.
Context
The Single Resolution Board (“SRB”) as part of its priorities to enhance Member States’ crisis preparedness provided a “Common Index” with the minimum contents of a National Handbook as best practice for the preparation, adoption and implementation of resolution actions for financial institutions. To adapt to the Common Index provided by the SRB and to the requirements of the EU legislation for Bank Recovery and Resolution, Slovenia needs to develop a National Handbook for the resolution tools. The project will support the development of a National Handbook for an effective implementation of the resolution tools and contribute to the Banking Union priority.
Support Delivered
The support will consist of
- mapping the applicable EU and national legal framework, the resolution processes and procedures and the roles and responsibilities of EU and national actors
- drafting a National Handbook in compliance with the Common Index provided by the SRB including all the associated documents and templates for the operationalisation of resolution actions
- organising capacity building workshops and simulation exercise of failing financial institutions.
Result achieved
Key result of the project is the preparation of National Resolution Handbook, which allows the beneficiary effective dealing with credit institutions in distress. Additionally, knowledge and capacity in the same area has been strengthened through capacity building workshops. Expected improvement on the ground includes a) consistent and coherent application of the resolution framework within the Banking Union, b) reduction of operational and other risks in its practical implementation, and c) assurance of financial stability and better protection of public funds while minimizing the potential spill-over impacts on the real economy.