The creation of the Banking Union is likely to come with substantial implications for the governance of Eurozone banks. The European Central Bank, in its capacity as supervisory authority for systemically important banks, as well as the Single Resolution Board, under the EU Regulations...

Preventing future bail-outs for large, systemically important banks while minimizing the repercussions of bank insolvencies on the stability of the financial system and the economy at large has become a key policy objective for international standard-setters as well as national and supranational...

Roughly eight years after the adoption of its legal basis, an assessment of the Single Resolution Mechanism remains difficult. With only one resolution case completed so far, a substantial part of the resolution framework has not yet been tested. While the recent inauguration of the European...