The Single Resolution Mechanism

Christos V. Gortsos

Research Handbook on EU Economic Law

Research Handbooks in European Law series

Edited by Federico Fabbrini and Marco Ventoruzzo

This comprehensive Research Handbook analyses and explains the EU’s complex system of economic governance from a legal point of view and looks ahead to the challenges it faces and how these can be resolved. Bringing together contributions from leading academics and top lawyers from EU institutions, this Research Handbook is the first to cover all aspects of the Eurozone’s legal ecosystem, and offers an up-to-date and in depth assessment of the norms and procedures that underpin the EU’s economic, monetary, banking, and capital markets unions.

Handbook

Published in print:: 01 Oct 2019

ISBN:: 9781788972338

eISBN:: 9781788972345

DOI:: https://doi.org/10.4337/9781788972345

Pages:: c 592

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Chapter 12: The Single Resolution Mechanism

Christos V. Gortsos

Handbook Chapter

Published:: 1 October 2019

Category:: Handbook Chapter

DOI:: https://doi.org/10.4337/9781788972345.00020

Pages:: 330–365 (36 total)

Collection: Law 2019

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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