Single Resolution Mechanism will protect taxpayers from costs of banking crises
Haajanen, Jyrki (04.11.2013)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408075129
The European Commission proposal for the Single Resolution Mechanism is intended to come into effect at the beginning of 2015. The proposal does, however, contain a number of controversial issues that will need to be resolved before final decisions are taken. Prominent among these are the legal foundation of the Mechanism, decision-making procedures and funding.