Upon completion of this program, participants will be able to:

• Explain the principles and objectives of modern bank resolution regimes (e.g., FSB Key Attributes).
• Analyze the structure, legal basis, and governance of a national Resolution Authority.
• Evaluate the content and credibility of bank **Resolution Plans (RRPs)** ("living wills").
• Describe the legal and operational mechanics of the **Bail-in Tool** (conversion and write-down).
• Understand the regulatory requirements for **MREL (Minimum Requirement for Own Funds and Eligible Liabilities)** and **TLAC (Total Loss-Absorbing Capacity)**.
• Assess the operational challenges of maintaining critical functions (e.g., payments, IT) during resolution.
• Examine the cross-border coordination and cooperation required for the resolution of Global SIFIs.
• Formulate a comprehensive strategy for preparing a bank for resolution (e.g., separability, resolvability assessment).

• Bank Supervisors and Resolution Authority Personnel
• Commercial Bank Resolution Planning and Treasury Teams
• Legal Counsel and Compliance Officers specializing in Resolution Law
• Central Bank Financial Stability Analysts
• Government Policy Makers on Financial Stability
• Internal Auditors specializing in Resolution Preparedness

Bail-in tool operational simulation, RRP review and gap analysis group project, Case studies on historical bank failures and resolution actions, Workshops on MREL/TLAC calculation and issuance, Policy debates on creditor hierarchy and NCWO, Legal analysis of cross-border resolution recognition.

Unit 1: Foundations of Bank Resolution

• The "too-big-to-fail" problem and the rationale for an alternative to taxpayer bailouts.
• The **FSB Key Attributes of Effective Resolution Regimes for Financial Institutions**.
• Distinguishing resolution from traditional insolvency (liquidation) and deposit insurance.
• The legal establishment and powers of the Resolution Authority.

• The regulatory mandate for banks (especially SIFIs) to develop a **Resolution Plan** ("living will").
• Key elements of a resolvable structure (e.g., clear lines of business, separability).
• The process of **Resolvability Assessment** by the Resolution Authority.
• The concept of the Single Point of Entry (SPE) vs. Multiple Point of Entry (MPE) resolution strategy.

Unit 2: Loss Absorption and the Bail-in Tool

• The requirement for **Total Loss-Absorbing Capacity (TLAC)** for Global SIFIs.
• The EU/UK equivalent: the **Minimum Requirement for Own Funds and Eligible Liabilities (MREL)**.
• Defining the eligible liabilities and instruments for bail-in.
• Strategic implications of MREL/TLAC for bank funding structure and issuance.

• The legal and statutory conditions for the Resolution Authority to activate the bail-in tool.
• The operational mechanics of writing down or converting specific liabilities (e.g., bonds) into equity.
• The concept of creditor safeguards and the "no creditor worse off than in liquidation" (NCWO) principle.
• Legal challenges and cross-border enforceability of bail-in.

Unit 3: Resolution Tools and Operational Continuity

• The use of the **Bridge Institution** (Bridge Bank) tool for temporary operations.
• The Asset Separation Tool (bad bank) and its function in resolution.
• Sale of Business and the role of the Deposit Insurer in purchase and assumption transactions.
• Legal requirements for ensuring continuity of contracts (e.g., derivatives) during resolution.

• Identifying and ensuring the continuity of **Critical Functions** (e.g., payments, custody, IT).
• The need for financial, operational, and legal **separability** of business lines.
• Addressing shared service agreements and the risk posed by central service entities.
• The process of information and data sharing between the bank and the Resolution Authority.

Unit 4: Cross-Border Issues and Implementation

• Challenges in resolving Global SIFIs with operations in multiple jurisdictions.
• The role of **Crisis Management Groups (CMGs)** and cross-border cooperation agreements.
• Legal recognition of foreign resolution actions and the principle of **mutual recognition**.
• The coordination of liquidity provision (LOLR) during a cross-border resolution.