“Integrated supervision is essential to ensure the effective application of prudential rules, risk control and crisis prevention throughout the EU. The current architecture should evolve as soon as possible towards a single European banking supervision system with a European and a national level. The European level would have ultimate responsibility. Such a system would ensure that the supervision of banks in all EU Member States is equally effective in reducing the probability of bank failures and preventing the need for intervention by joint deposit guarantees or resolution funds.” Source: HvR June 2012 Report
ECON Monetary Dialogue: Banking Union - The Single Resolution Mechnism, February 2013. The notes in this compilation examine options for a possible future design of an SRM in more detail and put this mechanism into a broader context.
Legislative Proposal published 10.7.13
Report on SRM-general approach, 11.11.13
Council: SRM-first reading, 2.12.13
SRM compromise proposal, 6.12.13
Presidency report on SRM, 6.12.13
Report on Single Resolution Mechanism and a Single Bank Resolution Fund, 8.1.14
Draft agreement on the functioning of the Single Resolution Fund, 8.1.14
Presidency report to Coreper/Council, 7.2.14
SRM-resolution procedure stage by stage
Legislative Observatory
Financial Supervision Package - Frequently Asked Questions