Open Access
Multilevel cooperation in the EU resolution of cross-border bank groups : lessons from the non-euro area Member States joining the Single Resolution Mechanism (SRM)
Loading...
Files
Smoleńska2021.pdf (694.93 KB)
Full-text in Open Access. Published version.
License
Attribution 4.0 International
Cadmus Permanent Link
Full-text via DOI
ISBN
ISSN
1745-6452; 1750-2071
Issue Date
Type of Publication
LC Subject Heading
Other Topic(s)
EUI Research Cluster(s)
Initial version
Published version
Succeeding version
Preceding version
Published version part
Earlier different version
Initial format
Author(s)
Citation
Journal of banking regulation, 2022, Vol. 23, pp. 42-53
Cite
SMOLENSKA, Agnieszka, Multilevel cooperation in the EU resolution of cross-border bank groups : lessons from the non-euro area Member States joining the Single Resolution Mechanism (SRM), Journal of banking regulation, 2022, Vol. 23, pp. 42-53 - https://hdl.handle.net/1814/72409
Abstract
Cross-border banking presents a unique set of challenges in the EU from the perspective of arranging administrative oversight structures. Structuring cooperation between different EU and national authorities in a way which is conducive to trust-building and mutual engagement is an essential condition for overcoming disintegrative tendencies in the internal market. To assess how the existing EU arrangements fare in this regard in the context of EU resolution law, this article comparatively analyses the different models of multilevel administrative cooperation in the post-crisis EU framework. These are specifically the centralised model of the European Banking Union (Single Resolution Mechanism) and the relatively looser networked model of the resolution colleges. The multilevel cooperation under both models is nuanced given the distinct roles of the national resolution authorities, EU agencies and the differentiated status of non-euro area Member States in the EBU (Croatia, Bulgaria). The article’s findings allow to identify specific problems of constitutional nature pertaining to the accountability of administrative cooperation, equality of Member States and the implications of Meroni doctrine’s distortive effects.
Table of Contents
Additional Information
External Links
Publisher
Version
Research Projects
Sponsorship and Funder Information
This article was published Open Access with the support from the EUI Library through the CRUI - Springer Transformative Agreement (2020-2024)