Xanthoulis, Napoleon --- "Single Resolution Fund and Emergency Liquidity Assistance: status quo and reform perspectives on emergency financial support in the Banking Union" [2019] ELECD 535; in Lo Schiavo, Gianni (ed), "The European Banking Union and the Role of Law" (Edward Elgar Publishing, 2019) 273

Book Title: The European Banking Union and the Role of Law

Editor(s): Lo Schiavo, Gianni

Publisher: Edward Elgar Publishing

ISBN: 9781788972017

Section: Chapter 15

Section Title: Single Resolution Fund and Emergency Liquidity Assistance: status quo and reform perspectives on emergency financial support in the Banking Union

Author(s): Xanthoulis, Napoleon

Number of pages: 22

Abstract/Description:

This chapter examines the provision of emergency financial support to credit institutions in light of the European Banking Union (EBU). Emergency liquidity provision can be regarded as an integral component of both EBU pillars, namely the Single Supervisory Mechanism (SSM) and the Single Resolution Mechanism (SRM).2 The first sets up a common supervisory system for credit institutions. The second introduces a procedure for the orderly winding-up of credit institutions.