Establishment of a private fund for the bail out of banksJanuary 4, 2016
Hat: The EU has set up a private fund for the support of failed banks financed by obligatory contributions from the financial sector.
Funding Scheme: 2016-01-04
Pgm2014 2020: Yes
The EU has established a private fund for the bail out of failing banks called Single Resolution Mechanism (SRM), which represents the second pillar of the European banking Union.
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Url description: Euractiv