Operational subsidiarisation in practice under an MPE resolution strategy
Published on Friday, July 4, 2014 | Updated on Monday, July 28, 2014
Operational subsidiarisation in practice under an MPE resolution strategy
Summary
Critical shared services of MPE banks must be organised in a way that would permit the group to maintain critical services when other parts of the group enter into resolution. This is what has been termed as “effective operational subsidiarisation.”
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Authors
Santiago Fernández de Lis
BBVA Regulation - Head of Regulation
José Carlos Pardo
Victoria Santillana
BBVA Regulation - Regulation Senior Manager
María del Pilar Mirat