Single Resolution Mechanism
The Single Resolution Mechanism is made up of the Single Resolution Board and the National Resolution Authorities in Eurozone countries, Bulgaria and Croatia
The SRB works closely with Banking Union, European and internal authorities.
In line with the Single Resolution Mechanism Regulation, the SRB is accountable to the Council, the European Parliament and the Commission. Furthermore, the Board is required to reply to questions addressed to it by the European Parliament and [...]
Although the SRB is an independent EU agency, it is not publicly funded. Instead, banks operating across the Banking Union must pay an annual levy towards the running costs of the SRB.