In particular, having a single system with a single Fund is of the essence. 2  BIS central bankers’ speeches  Experience in recent years has in fact shown that any form of coordination of national resolution authorities and national funds was beyond reach.
It is instructive to note that the resolution regime has a bearing on the ease of doing business ranking of a country and the new framework alongwith the IBC will be an important step in improving the ranking. 7/9  BIS central bankers' speeches  In fact, such timely intervention should be second nature to a bank.