Abstract
This chapter examines the funding of a bank recovery or resolution under the Bank Recovery and Resolution Directive (BRRD) and the associated Single Resolution Regulation (SRR). The BRRD assures that bank problems have a minimum impact on the wider economy and on the living conditions and standards of ordinary people. Meanwhile, the SRR sets out how the BRRD is to be applied for the countries participating in the Single Supervisory Mechanism (SSM). The chapter explores the problems of assessing the costs of resolving failing banks. It explains the New Zealand scheme and the authorities’ assessment of the potential impact of various resolution and recovery measures on the economy. It also discusses the ways in which the BRRD/SRR might be implemented in order to minimize the risks to society at large.
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