Press Release: Single Resolution Mechanism to come into effect for the Banking Union

Author (Corporate)
Series Title
Series Details IP/15/6397 (31.12.15)
Publication Date 31/12/2015
Content Type

The Single Resolution Mechanism (SRM) became fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) also applied from the1 January 2016.
Source Link http://europa.eu/rapid/press-release_IP-15-6397_en.htm
Related Links
ESO: Key Source: European Banking Union http://www.europeansources.info/record/european-banking-union-2/
ESO: Background information: Banking union: Single resolution fund on schedule for 1 January 2016 http://www.europeansources.info/record/press-release-banking-union-single-resolution-fund-on-schedule-for-1-january-2016/
European Commission: DG Banking and finance: General Policy: Banking union: Single Resolution Mechanism (SRM) https://ec.europa.eu/info/business-economy-euro/banking-and-finance/banking-union_en
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