The Second Pillar of the Banking Union: From the National Resolution Authorities to the Single Resolution Mechanism

Giuseppe Boccuzzi
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Giuseppe Boccuzzi: Interbank Deposit Protection Fund

Chapter 4 in The European Banking Union, 2016, pp 116-129 from Palgrave Macmillan

Abstract: Abstract The Bank Recovery and Resolution Directive (BRRD) is based on a network of national resolution authorities co-operating with each other, a common set of applicable powers and rules and the establishment of national funds for the resolution of bank crises. This marks a major shift away from the previous regulatory and institutional framework; it helps to minimise the differences in national procedures and practices and the fragmentation of the single market.

Keywords: European Central Bank; Insolvency Proceeding; European Banking Authority; Single Supervisory Mechanism; Single Resolution (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-55565-6_5

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DOI: 10.1057/9781137555656_5

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