The European Parliament has published a press release announcing that it has approved the proposed Regulation for a Single Resolution Mechanism (the SRM Regulation).
The Commission has also published a press release, together with a memo and FAQs on the SRM Regulation.
In addition, the Parliament’s Committee on Economic and Monetary Affairs has published amendments to the text of the SRM Regulation in which it highlights changes proposed to the Commission’s original legislative proposal.
View Parliament lifts bank bailout burden from taxpayers’ shoulders, 15 April 2014
View Finalising the Banking Union: European Parliament backs Commission’s proposals (Single Resolution Mechanism, Bank Recovery and Resolution Directive, and Deposit Guarantee Schemes Directive), 15 April 2014
View Banking union: restoring financial stability in the Eurozone, 15 April 2014
View A Single Resolution Mechanism for the Banking Union – frequently asked questions, 15 April 2014
View Amendments by the European Parliament to the Commission proposal on the Regulation (EU) No…/2014 of the European Parliament and of the Council establishing uniform rules and a uniform procedure for the resolution of credit institutions Single Bank Resolution Fund and amending Regulation (EU) No 1093/2010 of the European Parliament and of the Council, 9 April 2014