European Economy

Banks, Regulation, and the Real Sector

  • Home
  • What is EE
  • Who is Who
    • Editorial Board
    • Scientific Advisory Board
    • Contributors
    • Association Friends of EE
  • ISSUES
  • Events
  • PRESS

Dominique Laboureix

Mr Dominique Laboureix as Member of the Board is more particularly in charge of resolution planning and preparations of decisions about banking groups coming from 6 Member States of the Banking Union and 3 GSIBs. He is involved in several policy issues and chairs the Resolution Committee of the European Banking Authority.
Before 2015, he was Deputy Director General in charge of the Directorate of Resolution within the ACPR (Autorité de contrôle prudentiel et de résolution, France) and was notably responsible for the French banking institutions’ resolution planning. He has also been involved in several international committees, in particular with the Financial Stability Board and the European Banking Authority. From 2011 to 2013, he was Director of the Finance and Management Control Directorate within the French Central Bank. Previously, between 2007 and 2011, he had been Director of the Research and Policy Directorate of the ACPR, benefiting from over 10 years’ experience of banking supervision within the Off-Site Directorate of the prudential authority. Mr Laboureix is a graduate of the Institut d’Études Politiques de Paris and has a master in commercial law from Paris II University.

Enhancing the Capacity to Apply a Bail-in Through the MREL Setting

December 5, 2016 by Dominique Laboureix and Vincent Decroocq

In the aftermath of the financial crisis, the European Union designed a new legislative and institutional framework to manage banking crises. This new framework is an answer to the situation where the banks could have been perceived as “too big to fail”. It aims to make a bank failure possible without any public bail-out while preserving the critical functions for the economy. To meet this objective, the legislation notably provides the European resolution authorities for a new tool which should be used in most of the resolution schemes in the future: the bail-in.

The principle of the bail-in is to use the banks liabilities to absorb the losses once the equity is exhausted and to recapitalize the banks through the conversion of liabilities into equity. However, if the principle of the bail-in is straightforward, its implementation in practice raises challenges. This is the reason why the resolution authorities will have to analyse through the resolution planning how the bail-in tool could be applied in order to anticipate as much as possible any possible hurdle to implement it in practice. In that regard the setting of a Minimum Requirement of own funds and Eligible Liabilities (MREL) to bail-in is a priority for the resolution authorities in the EU in the coming months. However, if the MREL will enhance the banks loss absorbing capacities, it is not in itself the unique answer to crisis times as it is part of the resolution planning and can require time to be properly implemented.

From 2016.2 - Articles

CURRENT ISSUE

Central Banks Digital Currencies

READ MORE

European Economy
Banks, Regulation, and the Real Sector

Publisher
Associazione Centro Studi Luca d'Agliano

Copyright © 2025 · Author Pro Theme on Genesis Framework · WordPress · Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT