The Single Resolution Mechanism
Christos V. Gortsos
Chapter 12 in Research Handbook on EU Economic Law, 2019, pp 330-365 from Edward Elgar Publishing
Abstract:
Chapter 12 leads us through the intricacies of the SRM, and specifically the role of the different institutions involved in the resolution, with a focus on bail-in and its effectiveness. In particular, the author analyses the role of the Single Resolution Board - the agency in charge of resolving credit institutions - and reflects on the so-called bail-in mechanism, discussing its uneven application in the first concrete cases of resolutions of small regional banks in Spain and Italy. Yet, the Banking Union cannot fully be realized without a single deposit insurance scheme - that is a uniform guarantee for bank depositors across the EMU.
Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2019
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