Progress on the second pillar of the Banking Union: The Single Resolution Mechanism
Fecha: octubre 2013
Autores: Francisco J. Valero
Etiquetas: Mecanismo Único de Resolución (MUR), Mecanismo Único de Supervisión (MUS), Crisis bancaria, Unión bancaria europea
Spanish and International Economic & Financial Otlook, SEFO, V. 2 N.º 5
The existence of a Single Resolution Mechanism for banking crises would ensure the absence of any competitive distortion in this area within the single market. Its main objective would be to ensure efficient resolution, under the Single Supervisory Mechanism, of a bank that was facing serious difficulties, with minimal cost to taxpayers and the real economy. Although the EU decision process tends to be slow and complicated, it seems that over the next year, the mechanism should be operational.