Agencies in European Banking

Abstract

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Multilevel cooperation in the EU resolution of cross-border bank groups: lessons from the non-euro area Member States joining the Single Resolution Mechanism (SRM)

“…For the EBU countries, the SRM provides for centralised cooperation of national authorities with the "specific" EU agency (Single Resolution Board, SRB) at its core. 5 For the EU as a whole (encompassing, therefore, the EBU but as well NRAs in other Member States), relatively loose networked arrangements known as resolution colleges are established. Both forms include both horizontal (national) and vertical (national-EU) dimensions of the administrative cooperation, which have, however, some important nuances.…”

“…18]. The SRM 19 Comparatively with EBA as another key actor in the EU banking landscape see Božina Beroš [5]. 20 As pointed out by Gortos, this is done as if in passing via recital 91 SRM Regulation.…”

“…As a precondition for joining the euro area, the Eurogroup has requested that Croatia and Bulgaria join the EBU in order to enter the Exchange Rate Mechanism II (ERMII) [12 for comment] 5. Art.…”