The function of the single resolution mechanism (SRM) as central institution for bank resolution in the EU

Abstract

The paper aims to provide the comprehensive analyze on how the single resolution mechanism works and its role in the process of the European Banking Sector integration. It is evident that since 2008 the European Commission carried a number of initiatives to safe the financial sector from crises occurred on some parts of the banking sector. On that base, after the establishment of Single supervising Mechanism, the EU Member States also agreed to have so called resolution mechanism for all its financial actors to preserve financial stability. The purpose was to take measures such as: setting rules for managing failing banks and improve protection of depositors. The paper will analyze the impact of the Single Resolution Mechanism of the European Banking Union (EBU) on the unifying national bank resolution and Single Resolution fund to be able to recapitalize banks directly when it fails

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oai:doaj.org/article:19b9ac7f6c82495b8e03852028d8688eLast time updated on 6/4/2019

This paper was published in Directory of Open Access Journals.

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