Author(s): Rym Ayadi, Rosa M. Lastra, Rodrigo Olivares-Caminal, Costanza Russo
Subject: Single resolution mechanism, European policies
Date published: December 5, 2016

Professor Rym Ayadi, the IRCCF Director, and Professor Rosa M. Lastra, a member of the IRCCF Scientific Board, co-authored this paper. This latter discusses the legal and operational structure of the 129 banking groups in the euro area, which meet the test of SSM significance. Following a brief consideration of some key definitional and theoretical aspects, the paper analyses the data available from those 129 groups under a tri-dimensional taxonomy (considering their institutional, organizational, and operational structure). Based upon such data and taxonomy, the paper poses a number of questions or issues that the Single Resolution Board might consider in their resolvability assessments in the light of the Bank Recovery and Resolution Directive and the SRM regulation. The paper outlines avenues for further research since greater clarity is needed to understand both legal and operational structures of banking groups in the euro area.

Read the article on the European Parliament website

This material was originally published in a paper provided at the request of the Committee on Economic and Monetary Affairs of the European Parliament and commissioned by the Directorate-General for Internal Policies of the Union and supervised by its Economic Governance Support Unit (EGOV). The opinions expressed in this document are the sole responsibility of the authors and do not necessarily represent the official position of the European Parliament. The original paper is available on the European Parliament’s webpage. © European Union, 2016. Copyright remains with the European Union at all times.