About: banking resolution authority

Margrethe Vestager
Digital 11-01-2016

Vestager: We should thank the Luxleaks whistleblowers

EXCLUSIVE / Margrethe Vestager, the EU’s powerful competition commissioner, believes “everyone should thank the whistleblowers and investigative journalists” who uncovered the so-called ‘Luxleaks’ scandal and says she is “personally in favour” of country-by-country reporting on corporate taxation.
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Euro & Finance 17-12-2014

Bank resolution authority set for launch

The Single European Mechanism (SRM) will be launched over the next three months, with the aim of rescuing or winding up stricken banks with minimal recourse to taxpayers’ money.
Euro & Finance 23-09-2014

MEPs insist banks should finance their own rescue fund

The European Union must shift more of the cost of a new rescue fund for banks onto the region's biggest lenders, lawmakers told the outgoing commissioner for Internal Market and Services Michel Barnier yesterday (22 September).
Euro & Finance 16-10-2013

Germany digs in heels as EU moves towards banking union

EU finance ministers agreed on Tuesday (15 October) to give the European Central Bank sweeping supervisory powers in the euro zone but Germany dug in its heels on how to deal with failing banks, the second stage in building a banking union.
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Economy & Jobs 11-07-2013

Brussels unveils Single Resolution Mechanism for banking union

Despite strong German opposition, the European Commission on Wednesday unveiled plans to set up a single body to deal with failing banks. Regarded as a pillar in Europe's so-called banking union, the new plan would allow the Commission to shut down any of Europe's struggling banks, even if the national authorities disagree.
Euro & Finance 11-07-2013

New banking authority pits Commission against Berlin

The European Commission proposed on Wednesday (10 July) creating an agency to salvage or shut failed banks and giving itself the ultimate power on when to do so. But the absence of an immediate backstop fund to pay for a clean-up means it may struggle to do its job.
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