Safe Bank

Register Login
Flaga wersji językowej  Język Polski Flaga wersji językowej  English
Published: 2022-10-07
Vol. 88 No. 3 (2022)

Resolution and liquidation in the banking sector – the example of Sberbank Europe AG

Magdalena Kozińska Logo ORCID , Tomasz Jura Logo ORCID
Section: Problems and Opinions
https://doi.org/10.26354/bb.3.3.88.2022

Abstract

The article deals with the issues related to the bankruptcy of Sberbank Europe AG. On February 24, 2022, the Russian invasion of Ukrainian territory began. In response to this agression, the Member States of the European Union and the European Union as such imposed direct economic sanctions on the Russian Federation. Economic ties were seriously disrupted. Sberbank Europe AG, owned by an entity based in Russia, experienced severe liquidity problems. The European Central Bank announced that, in its opinion, Sberbank Europe AG and its two subsidiaries in the banking union, Sberbank d.d. in Croatia and Sberbank banka d.d. in Slovenia they are failing or likely to fail (FOLTF) for the abovementioned reason. This decision was confirmed by the Single Resolution Board. The text analyzes actions taken by safety net institutions in the European Union, Bosnia and Herzegovina and Serbia. In this aspect, the decision to initiate or not to initiate the resolution procedure is of particular importance in the first place. Then, attention was paid to the scope of the resolution tools used. The importance of national authorities, including deposit guarantee schemes, in the crisis management process was emphasized. The article uses information available on the websites of financial safety net institutions, press publications and financial statements of the Sberbank group entities.

Keywords:

resolution , deposit insurance , bankruptcy , liquidation , banking crisis , liquidity , financial safety net , BRRD , DGSD

JEL Codes

E44, E58, F23, G01, G21, G33, G34, H12

Download files

Citation rules

Kozińska, M., & Jura, T. (2022). Resolution and liquidation in the banking sector – the example of Sberbank Europe AG. Safe Bank, 88(3), 66–93. https://doi.org/10.26354/bb.3.3.88.2022

Cited by / Share

Crossref
Scopus
Google Scholar
Europe PMC

Licence

Most read articles by the same author(s)

1 2 > >> 

Vol. 88 No. 3 (2022)
Published: 2022-10-07

ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354
Publisher
Bankowy Fundusz Gwarancyjny
Licence CC Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Submit
-->
This website uses cookies for proper operation, in order to use the portal fully you must accept cookies.