Single Point of Entry
From ACT Wiki
(SPE).
Bank resolution.
Single Point of Entry (SPE) resolution of a failed or failing bank group involves working downwards from the top company (Topco) in the bank group so as to resolve the group as a whole, wherever in the group its current problems began.
Note that some host countries for foreign subsidiaries of banks, while verbally acknowledging the SPE principle, may require a local holding company to be created to provide a means of Single Point of Entry resolution under the control of the local supervisory authority rather than it being wholly dependent on the authorities in the home jurisdiction of the bank's overall holding company. This, of course, itself rather undermines the idea of SPE...
