Concrete examples Let me now give you some concrete examples. We should clearly distinguish between two types of cases depending on where we are in the resolution process: at the time the bank is determined as failing or likely to fail, or when it is put into resolution.
As Europeans, we should recognize the urgency of this effort, especially now as Europe’s duty as a standard-bearer for liberal democracy and multilateral international order has become even more critical than it was still some years ago. 2/2  BIS central bankers' speeches