Bail-in rules in EU banking union and financial stability

Stefano Micossi 05 June 2014

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The Council and the European Parliament have adopted a directive (BRRD)1  and a regulation (SRR)2 establishing uniform rules for bank resolution in the EU. These include rules for the bail-in of shareholders and creditors when a bank is in need of public support.

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Topics:  EU institutions EU policies

Tags:  bank resolution, European banking union, bail-in, Single Resolution Mechanism

How to save bank resolution in the European banking union

Jeffrey N. Gordon, Georg Ringe 30 April 2014

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A few days ago, the European Parliament adopted the Single Resolution Mechanism (SRM), the second pillar of the emerging ‘banking union’ for Europe. Yet, the project is fraught with difficulties and initial enthusiasm is long gone. Although the prevailing view holds that an effective banking union requires three pillars – supervision, resolution, and deposit guarantee – the current political situation suggests that they are unlikely to be achieved.

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Topics:  EU institutions EU policies

Tags:  European banking union, Single Resolution Mechanism

Europe takes an important step towards a European banking union

Nicolas Véron 19 December 2012

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The political agreement reached early on 13-14 December by Europe’s finance ministers and heads of state and government makes it highly likely that legislation establishing a Single Supervisory Mechanism (SSM) with the ECB at its centre will be enacted in March 2013. This is a big European success, high up on what was the range of possible outcomes (Council of the European Union, 2012; European Council, 2012).

Key features of the agreement include:

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Topics:  EU institutions

Tags:  European banking union, Single Supervisory Mechanism