 The Single Resolution Mechanism (SRM)Christos V. Gortsos ()
Chapter Chapter 9 in The European Banking Regulation Handbook, Volume I, 2023, pp 499-543 from Springer Abstract: Abstract The aim of this chapter, whose structure is (almost) identical to that of Chapter 8, is to examine the key institutional aspects of the Single Resolution Mechanism (SRM), i.e., the second key pillar of the Banking Union (BU). The Single Resolution Board (SRB), the hub within that mechanism, is discussed first, with emphasis on its legal status, composition and governance, followed by a presentation of the general principles governing the operation of the SRM, the division of tasks within the SRM among the SRB and the national resolution authorities (NRAs) and cooperation arrangements. The next section develops on the investigatory powers of the SRB, as well as on its power to impose fines and periodic penalty payments. This is followed by an analysis of the provisions governing the SRB’s independence and accountability, the Appeal Panel, as well the institutional safeguards and the liability of the SRB and NRAs. Keywords: Single Resolution Mechanism (SRM); Single Resolution Board (SRB); National resolution authorities (NRAs); SRB investigatory powers; Fines and periodic penalty payments; Independence; Accountability and liability; Appeal Panel; Judicial review (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-32859-6_9 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-32859-6_9 Access Statistics for this chapter More chapters in Springer Books from Springer |
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