This is the key component of resolution planning. The strategy will be chosen according to the respective business model. In the same vein, we need to establish the Single Resolution Mechanism as a central pillar of the European Banking Union. It will be a quantum leap if the bail-in principle is generally accepted as it is foreseen by ECOFIN.
Two areas which financial institutions need to address with respect to card fraud immediately come to mind. Firstly, there should be appropriate technology to protect against cloning and adequate IT security to prevent data leakage. Secondly, frauds are not the work of outsiders only. Sometimes they come from within the financial institutions themselves.