As academics, we are not supposed to simply praise, but point to challenges. So,
let me point to two! First, no funding was required (to a large extent, it seems, courtesy of supervisors in Frankfurt and Madrid being alert and reacting in time), which made the operation simpler. The resolution of Italian banks might not be as easy!
Second, it was a bank failure in a large country where another bank stood ready to take over the failing bank. We might not always be as lucky; more importantly, if we want a truly European banking system, we should cheer for cross-border resolutions
of such bank failures!