By Yasmine EDDAM
12 June 2025
Managing the crisis of a bank or insurance company is not covered by ordinary bankruptcy law. Faced with the risk of contagion that could destabilise the entire financial system, the public authorities have put in place a specific administrative regime focused on the prevention and controlled management of insolvencies. This system, which is part of a broader legal framework for regulated companies in difficulty, was significantly strengthened after the 2008 crisis. It has a clear objective: to enable the orderly resolution of financial institutions, while protecting depositors and limiting the need to call on public funds. Understanding the central role of the supervisory authorities is therefore essential for any manager in the sector. The institutional framework for supervision and resolution The management of a financial institution's or insurance company's difficulties is orchestrated by a number of authorities, whose powers are divided between the national and European levels. This...
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