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The Single Resolution Mechanism

In: The European Banking Union

Author

Listed:
  • Angelo Baglioni

    (Università Cattolica Sacro Cuore)

Abstract

This chapter addresses the second pillar of the banking union, namely the Single Resolution Mechanism (SRM). First, it outlines the main innovations introduced by the BRRD, introducing a new regime for crisis management in the EU. Second, it analyzes the organization and funding sources of the SRM, affecting the euro area. Some controversial issues are discussed, like the bail-in principle, the governance of the SRM, the possible role of the European Stability Mechanism (ESM) as a fiscal backstop, and the interplay between the SRM and the state aid rules. The analysis made in this chapter suggests several lines of reform to improve and complete the current design of the SRM.

Suggested Citation

  • Angelo Baglioni, 2016. "The Single Resolution Mechanism," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The European Banking Union, chapter 0, pages 81-109, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-56314-9_5
    DOI: 10.1057/978-1-137-56314-9_5
    as

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