Review of the single resolution mechanism regulation
The Commission is working to improve the prudential rules in the EU to ensure growth and financial stability.
The review aims to ensure that
- the rules are proportional to risk and consistent
- prudential objectives and financial stability are preserved
Proposal to amend rules on the single resolution mechanism
On 23 November 2016 the Commission proposed amendments to the single resolution mechanism regulation.
The amendments include measures that will further strengthen the European resolution framework for banks. They will also strengthen the authorities' ability to safeguard financial stability and public funds through effective resolution.
On 16 April 2019 the European Parliament endorsed the final agreement on a comprehensive set of reforms proposed by the Commission to strengthen further resilience and resolvability of EU banks, including the single resolution mechanism regulation.