Single Resolution Mechanism: One Step Further Towards Banking Union
This workshop will discuss initial steps taken by the Single Resolution Board (SRB) to centralize the resolution of failing banks, supervised under the Single Supervisory Mechanism (SSM), as of 1 January 2015. With the overall aim of ensuring financial stability in the banking union area, implementation and coverage of the Single Resolution Mechanism (SRM) raise both economic and political issues. The event will examine in particular the implications for those EU members who are not initially participating in the banking union, and are therefore not fully part of the decision-making process. These implications comprise both the impact on financial services sectors and on the wider economy, as well as political ramifications. It will also discuss how the public and private sector, in particular big cross-border banks, respond to these impacts, including the desirable level of involvement with the banking union of non-participant EU members.
This event forms part of a research project on the impact of the banking union for non-EMU member states, run in partnership with the European Commission Representation in the United Kingdom.
A light lunch will be served following the event.
Attendance at this event is by invitation only.
The Chatham House Rule
To enable as open a debate as possible, this event will be held under the Chatham House Rule.