The EPC’s role would then be to channel the positions of the European banking sector at the strategic level of the SEPA Council, as well as to provide technical expertise in the discussions of the Cards Stakeholders Group. It is a good example of how social dialogue and multistakeholder involvement can work.
These developments have enabled the build-up of “buffers” against unforeseen shocks. 5. Taming the non-performing assets problem: A landmark development relating to resolution of stressed assets is the Insolvency and Bankruptcy Code (IBC) 2016. From the Reserve Bank’s point of view, a great enabler in this context has been the Banking Regulation (Amendment) Ordinance promulgated in May and subsequently enacted in August this year.