Euro Area Policies: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management
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Summary:
The euro area (EA) bank resolution and crisis management arrangements have been strengthened considerably over recent years, but work remains to complete and unify the regime. The adoption of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR), and the establishment of the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM) provide a foundation to deal with problem banks. The authorities remain committed to completing the banking union through the establishment of a backstop for the Single Resolution Fund (SRF) and a European deposit insurance scheme (EDIS) and other measures, many of which are in line with recommendations in this report.
Series:
Country Report No. 2018/232
Subject:
Bank resolution Bank resolution framework Banking Crisis management Crisis resolution Financial crises Financial sector policy and analysis Financial sector stability
English
Publication Date:
July 19, 2018
ISBN/ISSN:
9781484369661/1934-7685
Stock No:
1EUREA2018009
Pages:
49
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