This site has been archived on 28 of April 2017
HomeResourcesNews from the EU2014> Council adopts rules setting up single resolution mechanism

Council adopts rules setting up single resolution mechanism

EU News 307/2014

Council of the European Union
ST 11814/14
Brussels, 14 July 2014

The Council today adopted a regulation establishing a single resolution mechanism for failing banks (PE=CONS 88/14).

The creation of a single resolution mechanism (SRM) – with a central decision-making board and a single resolution fund – ensures that resolution decisions across participating member states will be taken in a coordinated and effective manner, minimising negative impacts on financial stability and reducing the dependence of banks on the creditworthiness of sovereigns.

Source and additional information: