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.
Bail-in rules in EU banking union and financial stability
Stefano Micossi, 5 June 2014
How to save bank resolution in the European banking union
Jeffrey N. Gordon, Georg Ringe, 30 April 2014
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.
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