I do not claim that the resolution framework runs like clockwork. Here and there rules could be revised, without compromising their objectives. For instance, we need to consider current heterogeneity in the euro area. And think about solutions for banks that have large MREL shortfalls and lack market access. To those who claim that the MREL framework needs a major overhaul: please be specific.
Since mid-year 1998, the Federal Reserve has offered customers the opportunity to test future-dated transactions for payment applications, such as Fed ACH, and other services with electronic data exchanges.