Banking union: Single resolution fund on schedule for 1 January, 2016
EU News 359/2015
The EU's single resolution mechanism will enter into force as foreseen on 1 January 2016. This signals completion of the second pillar of Europe's banking union.
As of 30 November 2015, a sufficient number of member states has ratified an intergovernmental agreement (IGA) on the transfer and mutualisation of contributions to a single resolution fund (SRF).
This will allow full operationalisation of the SRF.
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