|
By Elona MORINA, European Affairs, ABBL
Since 2015, the Single Resolution Board (SRB), the central resolution authority within the Banking Union, aims at ensuring orderly resolution of big failing banks with minimum impact one the real economy.
On Thursday the 6 of December, the Chairperson of the SRB, Elke König, delivered a speech at the ECON Committee proving an overview on the achievements of the SRB, the future challenges and priorities. More specifically, on the resolution planning, which consists in a comprehensive description of banking groups and resolution action that the Single Resolution Mechanism might implement in case of failing banks, the ambition of the SRB is to draft bank-specific resolution plans to cover all banking...
|