Reference : The Flow of Information Among Authorities Involved in the Banking Union’s Resolution ...
E-prints/Working papers : Already available on another site
Law, criminology & political science : European & international law
Law / European Law
http://hdl.handle.net/10993/44380
The Flow of Information Among Authorities Involved in the Banking Union’s Resolution Procedure: The Case of the SRB and the ECB
English
Lupinu, Pier Mario mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Law Research Unit >]
6-Aug-2020
European Banking Institute
EBI Briefin #4
6
Yes
Frankfurt
Germany
[en] bank resolution ; ECB ; SRB ; MoU ; information
[en] The flow of information is vital for the smooth functioning and certainty of the successful outcome of a resolution procedure during resolution planning and execution. As a result, the exchange of relevant information has become highly influential in current debates. This article will focus on the exchange of information between the Single Resolution Board (SRB) and the European Central Bank (ECB).
Firstly, the Authorities decided to arrange the rules for sharing information bilaterally in the form of a Memorandum of Understanding (MoU). While this framework of cooperation and exchange of information between the SRB and the ECB constitutes an obligation under Article 30(7) of the Single Resolution Mechanism Regulation (SRMR), it was drafted in the non-binding form of an MoU. The general purpose of an MoU is to establish the basis for cooperation and convergence of intentions. Such foundations aim to strengthen the resolution procedure by joining forces to obtain more accurate and complete data with better coordination of tasks and resources in order to achieve the most solid result possible within a tighter timeframe.
http://hdl.handle.net/10993/44380
10.2139/ssrn.3647246
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3647246

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Open access
SSRN-id3647246.pdfPublisher postprint227.7 kBView/Open

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.