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Gortsos, Christos V. --- "The Single Resolution Mechanism" [2019] ELECD 2243; in Fabbrini, Federico; Ventoruzzo, Marco (eds), "Research Handbook on EU Economic Law" (Edward Elgar Publishing, 2019) 330

Book Title: Research Handbook on EU Economic Law

Editor(s): Fabbrini, Federico; Ventoruzzo, Marco

Publisher: Edward Elgar Publishing

Section: Chapter 12

Section Title: The Single Resolution Mechanism

Author(s): Gortsos, Christos V.

Number of pages: 36

Abstract/Description:

Chapter 12 leads us through the intricacies of the SRM, and specifically the role of the different institutions involved in the resolution, with a focus on bail-in and its effectiveness. In particular, the author analyses the role of the Single Resolution Board - the agency in charge of resolving credit institutions - and reflects on the so-called bail-in mechanism, discussing its uneven application in the first concrete cases of resolutions of small regional banks in Spain and Italy. Yet, the Banking Union cannot fully be realized without a single deposit insurance scheme - that is a uniform guarantee for bank depositors across the EMU.