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Agenda
Agenda
Agenda
02:00 – 03:00
Supervisory context
- Aim of RRP
- UK regime developments
- European supervisory priorities
- Multiple point of entry vs single point of entry
- Impact on bank management
- Cooperation with supervisor
- Relation to other regulations
03:00 – 03:15
Break
03:15 – 04:15
Establishing core elements of recovery planning
- Identifying critical functions
- Ensuring use of a range of scenarios
- RRP playbooks development and testing process
- How to develop a comprehensive suite of recovery options
- Governance of recovery planning
- Solvent wind down planning in support of recovery and resolvability
- Linking risk and recovery management with risk appetite framework
02:00 – 03:00
Effective resolution planning
- Objectives of resolution planning
- Key elements of a resolution plan
- Reviewing the plan
- Cross-border resolution planning process
- Resolvability assessment
- Is MREL part of the resolution plan?
03:00 – 03:15
Break
03:15 – 04:15
Embedding RRP
- Integrating recovery and resolution into bank procedures
- The coordination of management, governance and communication
- Role of an overarching master playbook and other tools
- Best practice approaches to internal communications
- How to relate to other regulations
- Assurance and testing of capabilities, fire drills and simulations
02:00 – 03:00
Valuation and resolution
- EBA handbook
- Valuations SoP
- Regulatory technical standards
- Documenting valuation capabilities
- Tool specific considerations
- Firm capabilities in business as usual
- Testing and review ahead of implementation date
03:00 – 03:15
Break
03:15 – 04:15
Funding and resolution
- Loss absorbing capacity build-up: market dynamics and issuance review
- BRRD 2: evolutions and remaining challenges for MREL and TLAC
- Resolution funding: Role played by central bank and importance of public backstop
- Liquidity and capital at legal entity level -potential waivers and fungibility
Gilles Renaudière is a Senior Structurer in BNP Paribas' Capital Products team, focussing on the structuring of banks and insurance companies' hybrid and TLAC instruments globally, as well as on the impact on financial institutions of broader regulatory capital developments.
As part of his role, Gilles liaises very closely with financial institution issuers, bond investors, rating agencies and regulatory bodies, balancing the interests of all stakeholders in order to advise his clients on optimal capital structures and the instruments available to meet the capital requirements of the new regulatory regime.
Prior to joining BNP Paribas in 2014, Gilles spent 8 years at UBS where he started his career in the Capital solutions team. He then held positions in the FIG Benelux (2005-2007) and Nordic teams (2007-2013)
Gilles graduated from Imperial College with a MSci in Mathematics and Computing, and holds a Master in Management diploma from HEC Paris
02:00 – 03:00
Impediments to resolution
- Impediments that need remediation
- Mapping services to critical economic functions
- Operational continuity assessments
- Operational subsidiarisation
- Proposed future expansion of OCIR requirements
- Impacts on operational continuity
03:00 – 03:15
Break
03:15 – 04:15
The bail-in tool
- Why and how is the bail-in tool used
- Scope of the tool
- Does it apply to every resolution case?
- Operation of bail-in tool
- Case studies: European banks in the aftermath of the 2007/08 financial crisis