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Lessons Learned: Karl-Philipp Wojick

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Abstract

Karl-Philipp Wojcik is the general counsel of the European Union's Single Resolution Board (SRB), the central resolution authority within the European Commission (EC) banking union. The banking union, which as of January 1, 2023, encompasses the 20 eurozone countries, along with Bulgaria, was established as part of the financial system reforms stemming from the Global Financial Crisis and the ensuing European sovereign debt crisis. The SRB's stated mission is to ensure orderly resolution of failing banks, protect taxpayers from state bailouts, and promote financial stability. Wojcik became SRB general counsel in November 2020. Previously, he was a member of the EC's legal service.

Suggested Citation

  • Haggerty, Maryann, 2024. "Lessons Learned: Karl-Philipp Wojick," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 6(4), pages 154-156, March.
    • Handle: RePEc:ysm:ypfsfc:v:6:y:2024:i:4:p:154-156
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1606&context=journal-of-financial-crises
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    Keywords

    lender of last resort; institutional governance; centralized resolution authority; Single Resolution Board(SRB); Single Resolution Mechanism (SRM); Single Supervisory Mechanisms (SSM);
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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