Research Handbook on EU Economic Law
Edited by Federico Fabbrini and Marco Ventoruzzo
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.
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