In May 2014, the European Commission published the Bank Recovery and Resolution Directive (BRRD). The directive … law by 31 December 2014 and implement the rules on resolution and restructuring of failing banks from 1 January 2015 … introduces rules on bank resolution and restructuring including a bailin tool. It constitutes the legal foundation underlying the …

the European banking sector and strengthen confidence in its stability. He focuses on the Single Resolution Mechanism (SRM … future for even large banks to be in financial distress without endangering the stability of the entire financial system. The … all—is to be spent on the resolution. The main purpose of this study is to ascertain whether the SRM can achieve this …

This essay reviews a cornerstone of the European Banking Union project, the resolution of systemically important banks …. The focus is on the inherent conflict between a possible intervention by resolution authorities, conditional on a crisis … rules for different layers of debt. Finally, some organizational requirements to achieve effective resolution results will …