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)

SMOLENSKA, Agnieszka

doi:10.1057/s41261-021-00160-6

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)

dc.contributor.author	SMOLENSKA, Agnieszka
dc.date.accessioned	2021-09-09T10:28:16Z
dc.date.available	2021-09-09T10:28:16Z
dc.date.issued	2022
dc.description.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.	en
dc.description.sponsorship	This article was published Open Access with the support from the EUI Library through the CRUI - Springer Transformative Agreement (2020-2024)	en
dc.format.mimetype	application/pdf	en
dc.identifier.citation	Journal of banking regulation, 2022, Vol. 23, pp. 42-53	en
dc.identifier.doi	10.1057/s41261-021-00160-6
dc.identifier.endpage	53
dc.identifier.issn	1745-6452
dc.identifier.issn	1750-2071
dc.identifier.startpage	42
dc.identifier.uri	https://hdl.handle.net/1814/72409
dc.identifier.volume	23
dc.language.iso	en	en
dc.orcid.putcode	1814/79147:99677670
dc.orcid.upload	true	*
dc.publisher	Springer	en
dc.relation.ispartof	Journal of banking regulation	en
dc.rights	info:eu-repo/semantics/openAccess	en
dc.rights.license	Attribution 4.0 International	*
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	*
dc.subject	Cross-border banking	en
dc.subject	Banking Union	en
dc.subject	Non-euro area countries	en
dc.subject	Resolution	en
dc.title	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)	en
dc.type	Article	en
dspace.entity.type	Publication
person.identifier.orcid	0000-0001-7703-7686
person.identifier.other	38202
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