Edited by Gianni Lo Schiavo
Chapter 15: Single Resolution Fund and Emergency Liquidity Assistance: status quo and reform perspectives on emergency financial support in the Banking Union
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.
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