The basis of the mechanism is a harmonized set of
rules on crisis management — the Bank Recovery and Resolution Directive (BRRD).
Not exact matches
As far as that goes, the three
rules of
crisis management are straightforward: First, own up to the truth and do it quick; second, move heaven and earth to make things right; and third, quietly let everyone move
on.
I'd conclude, rightly or wrongly, that since the
crisis an increased emphasis
on risk
management, Dodd - Frank & the Volcker
rule (etc.), continued cost - cutting plus consolidation of trading exposures & systems, has actually proved a boon for FDP's consulting services.