About: single resolution authority

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Banking union 12-12-2013

EU strikes deal on resolution mechanism for failed banks

Negotiators from the European Union’s 28 member states agreed on a Single Resolution Mechanism to save bankrupt banks on Wednesday, putting together a central piece of the EU’s banking union puzzle which aims at sparing taxpayers from bailing out failed banks in the future.
Euro & Finance 12-12-2013

EU strikes deal on resolution mechanism for failed banks

Negotiators from the European Union’s 28 member states agreed on a Single Resolution Mechanism to save bankrupt banks yesterday evening (11 December), putting together a central piece of the EU’s banking union puzzle which aims at sparing taxpayers from bailing out failed banks in the future.
Euro & Finance 10-12-2013

France, Germany inch towards deal on banking union

Finance ministers meeting in Brussels today (10 December) will seek to progress on how to close failing lenders, part of an ambitious plan to create a single banking framework and fix broken banks whose problems have festered since the financial crisis, amidst reports that a deal is imminent.
Euro & Finance 08-10-2013

EU legal services call for rethink of banking union blueprint

A proposed agency with sweeping powers to close failing banks in the European Union would violate the bloc's founding treaties and must have its authority narrowed or shared with a core EU institution, according to a legal opinion from the EU Council of Ministers dated 7 October.
Euro & Finance 11-06-2013

Bundesbank deputy endorses single resolution authority

The vice president of Germany's Bundesbank on Monday (10 June) called for an effective Europe-wide bank resolution authority, a position at odds with the German government which has been resistant to such a move.