Wolters Kluwer: Single Resolution Board – Up, Running and New Returns

The Single Resolution Mechanism is one of the three pillars that are the key elements of the European Banking Union. The Union brings together all Eurozone banking entities under a single supervisor (The European Central Bank), a single resolution body (Single Resolution Board), with a single resolution fund. These three pillars are overlaid with a single CRR/CRD4 rulebook that applies to all EU member states.

The resolution mechanism was proposed in 2013 and came into force on 19th August

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