Examples of Single Resolution Mechanism in a sentence
When deciding on the dispute, as well as on the granting of interim measures, the Court of Justice should take into account the obligations of the Contracting Parties under TEU and TFEU, including those relating to the Single Resolution Mechanism and its integrity.
Its two main pillars are the Single Supervisory Mechanism (“SSM”) and the Single Resolution Mechanism (“SRM”).
The EU Insolvency Regulation3 (the 1 Including the banking laws referred to in the Opinion and the Act on Investment Services 2 Regulation (EU) No 806/2014 on the Single Resolution Mechanism (the “SRM Regulation”).
Moreover, Regulation (EU) No 806/2014 establishing a Single Resolution Mechanism (“SRM”) and a Single Resolution Fund, as amended (the “SRM Regulation”) has established a centralised power of resolution entrusted to a Single Resolution Board (the “SRB”) in cooperation with the national resolution authorities, such as the CSSF.
Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 (the "SRMR") established the Borrower and the SRF.
The 35 arrangements will also ensure equivalent treatment across all Member States participating in the Single Supervisory Mechanism (“SSM”) /Single Resolution Mechanism (“SRM”), including Member States joining at a later stage, in terms of rights and obligations and both in transition period and once a common backstop has become fully operational.
The EU has also created a Single Supervisory Mechanism for the euro-zone, under which the regulation of all banks in that zone will be under the auspices of the European Central Bank, together with a Single Resolution Mechanism and Single Resolution Board, having jurisdiction over bank resolution in the zone.
The Steep Road to European Banking Union: Constructing the Single Resolution Mechanism.
In May 2019, the European Council announced significant amendments to the Capital Requirements Regulation and Directive, the Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation.
What was the name given to the set of the rules Single Resolution Mechanism (SRM) Single Supervisory Mechanism (SSM) Mechanism for the banking norms European banking standards ANSWERS: CURRENT AFFAIRS MCQS B B C D A D A C D A Asian Bowling Federation 2014 was held on 19 April 2014.