Zeszyty Naukowe Uniwersytet Ekonomiczny w Krakowie ISSN 1898-6447 e-ISSN 2545-3238 Zesz. Nauk. UEK, 2018; 6 (978): 61–80 https://doi.org/10.15678/ZNUEK.2018.0978.0604 6 (978) Magdalena Kozińska, SGH Warsaw School of Economics, Institute of Banking, Niepodległości 162, 02-554 Warszawa, Poland, e-mail: mkozin@sgh.waw.pl Magdalena Kozińska A Resolution in the Spanish Banking Sector: The Case of Banco Popular Español Abstract The restructuring of Banco Popular Español (BPE) through its takeover by Banco Santander provided a valuable example of the first resolution framework application, which allowed for the assessment of its effectiveness. However, similar crisis tools were also utilised in the Spanish banking sector in 2008–2013. Their analysis may provide a valuable contribution to the issue of selecting the most appropriate resolution tools for banks, which can be utilised by Spain and other EU countries when further restruc- turing their respective banking sectors or managing crises. The aim of this article is to evaluate the effectiveness of the BPE resolution. Additionally, other examples of the application of the “sale of business” tool from the Spanish banking crisis of 2008–2013 were assessed. The conclusions were then used to assess the possible application of similar tools at other banks in Spain and other European countries. Keywords: resolution, Banking Union, crisis management, “sale of business” tool, Banco Popular Español. JEL Classification: E58, F02, G01, G18, G21, G28, G33, G34. 1. Introduction The restructuring of failing banks usually offers valuable lessons for the future with regard to banking risk, managing that risk and crisis management