In addition, a proposal for a framework for the recovery and resolution of credit institutions and investment firms has been adopted; this is even more essential, as only a system that allows an orderly restructuring of SIFIs will impose the necessary market discipline on them.
Andreas Dombret: Banks and the German economy – will they continue to work hand in hand? Speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the 4th Regensburger Wirtschaftsgespräch, Industrie- und Handelskammer (IHK) Regensburg, Regensburg, 11 February 2016. * 1.