Single Resolution Fund and Emergency Liquidity Assistance: status quo and reform perspectives on emergency financial support in the Banking Union

Napoleon Xanthoulis

Chapter 15 in The European Banking Union and the Role of Law, 2019, pp 273-294 from Edward Elgar Publishing

Abstract: This chapter examines the provision of emergency financial support to credit institutions in light of the European Banking Union (EBU). Emergency liquidity provision can be regarded as an integral component of both EBU pillars, namely the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM).2 The first sets up a common supervisory system for credit institutions. The second introduces a procedure for the orderly winding-up of credit institutions.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2019
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