Corrigendum to European bank resolution rules and the Single Resolution Fund
17 Mar 202670 views
Who is affected:
Credit institutions and investment services firms supervised in the EU
Summary
Technical errors are corrected in the European regulation governing how bank failures are managed and the common European fund used to resolve them.
Detailed analysis
PRO
This corrigendum affects Regulation (EU) 806/2014 establishing the Single Resolution Mechanism (SRM), a fundamental pillar of the European banking union. The SRM determines how banks in difficulty within the eurozone are intervened and wound down, preventing taxpayers from bearing the costs. The Single Resolution Fund …
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CELEX:32014R0806R(12): Corrección de errores del Reglamento (UE) n.° 806/2014 del Parlamento Europeo y del Consejo, de 15 de julio de 2014, por el que se establecen normas uniformes y un procedimiento uniforme para la resolución de entidades de crédito y de determinadas empresas de servicios de inversión en el marco de un Mecanismo Único de Resolución y un Fondo Único de Resolución y se modifica el Reglamento (UE) n.° 1093/2010 (DO L 225 de 30.7.2014)
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