Abstract
This chapter examines the relevance of the resolution tools within the Single Resolution Mechanism (SRM). Specifically, three dimensions will be explored. First, the chapter assesses potential scenarios and preconditions for successful, effective implementation of the new regime. Second, it will examine operational issues pertaining to the implementation of the resolution toolbox as evidenced by recent case law. Third, the chapter will assess the suitability of the new resolution tools for application in extraordinary cases of macro-economic distress, where adverse market conditions and mounting non-performing loans affect large numbers of credit institutions at the same time.
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