Banking Union: proposal for a Single Resolution Mechanism (SRM)

The European Parliament and the Council reached on 20 March 2014 a provisional agreement on the proposed Single Resolution Mechanism for the Banking Union. The Commission proposed a Single Resolution Mechanism for the Banking Union. The Single Resolution Mechanism complements the Single Supervisory Mechanism which was proposed by the Commission in September 2012. It is set to centralise key competences and resources for managing the failure of any bank in the Euro Area and in other Member States participating in the Banking Union.

The link address is: http://ec.europa.eu/internal_market/finances/banking-union/