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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

The SRM and the dream to resolve banks without public money

19 December 2013

The SRM and the dream to resolve banks without public money

In his assessment of the compromise agreement reached on the Single Resolution Mechanisn (SRM), Daniel Gros finds that the popular perception that the periphery has the most to gain from the establishment of a unified resolution regime might have gotten it backwards. In reality, he finds that Germany and other surplus countries have a bigger interest in tying the hands of their national resolution authorities, which have a tendency to be too generous.

Daniel Gros is Director of CEPS.


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The SRM and the dream to resolve banks without public money
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