Το τελος της ΤτΕ κ των Ελληνικων τραπεζων….εχω και bail in-επισημη δηλωση ΕΚΤ

8 November 2013 – ECB publishes its opinion on the Single Resolution Mechanism (SRM)

SRM should be established by the time the ECB assumes full supervisory responsibilities

Scope of SRM should include all credit institutions in EU Member States participating in the single supervisory mechanism

ECB: institutions should become subject to resolution only after a supervisor has assessed them as “failing or likely to fail”

ECB supports having the bail-in tool in place earlier than 2018

ECB: changes to the proposed regulation have been made to ensure that Article 114 of the Treaty is a possible legal basis for establishing the SRM

ECB seeks representation in all plenary and executive meetings of the Single Resolution Board as an observer

The European Central Bank (ECB) today published its legal opinion on the Single Resolution Mechanism [1]. This opinion was issued at the request of the Council of the European Union and the European Parliament.

The ECB fully supports the establishment of a Single Resolution Mechanism. It believes that centralised decision-making on resolution matters will strengthen the stability of Economic and Monetary Union and that the SRM will provide a necessary complement to the single supervisory mechanism.

The proposed SRM Regulation contains three essential requirements for effective resolution:

a single system;

a single authority with decision-making powers;

a single fund financed ex ante by the banking sector.

PRESS RELEASE

8 November 2013 – ECB publishes its opinion on the Single Resolution Mechanism (SRM)

SRM should be established by the time the ECB assumes full supervisory responsibilities

Scope of SRM should include all credit institutions in EU Member States participating in the single supervisory mechanism

ECB: institutions should become subject to resolution only after a supervisor has assessed them as “failing or likely to fail”

ECB supports having the bail-in tool in place earlier than 2018

ECB: changes to the proposed regulation have been made to ensure that Article 114 of the Treaty is a possible legal basis for establishing the SRM

ECB seeks representation in all plenary and executive meetings of the Single Resolution Board as an observer

The European Central Bank (ECB) today published its legal opinion on the Single Resolution Mechanism [1]. This opinion was issued at the request of the Council of the European Union and the European Parliament.

The ECB fully supports the establishment of a Single Resolution Mechanism. It believes that centralised decision-making on resolution matters will strengthen the stability of Economic and Monetary Union and that the SRM will provide a necessary complement to the single supervisory mechanism.

The proposed SRM Regulation contains three essential requirements for effective resolution:

a single system;

a single authority with decision-making powers;

a single fund financed ex ante by the banking sector.

☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟☟
————————————————————————————————————————-
————————————————————————————————————————-
☛☛The ECB also supports an earlier implementation of the bail-in tool, which is a key element of the Bank Resolution and Recovery Directive.☚☚
————————————————————————————————————————-
————————————————————————————————————————-
☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝☝

Δημητρης Καμμενος
ΠΠ