Ensure that financial institutions operate correctly.
Harmonize the interests of banks with the interests of savers and investors.
November 4, 2014
Mission: consolidate the regulatory and methodological framework for the supervision of all the financial institutions in the Eurozone of a certain size.
How does it work?
Mixed groups, made up of the
national authorities and the
ECB.
January 1, 2015*
Mission: ensure an orderly resolution of insolvent banking groups, with the minimum possible impact.
Consists of the Single Resolution Board and the national resolution authorities, i.e. the preventive resolution authority (Bank of Spain) and executive (FROB).
*Fully operational since 1-1-2016.
To comply with the information requirements
The interaction of the Bank with the supervision authorities (SSM) and resolution authorities (SRM)
To facilitate dialog with the ECB teams (Joint Supervisory Teams -JST-).
Point of entry of the requirements and interaction with the resolution authorities.