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The Single Resolution Mechanism (SRM) is one of the main pillars of the European Union's banking union which centrally implements in participating Member States the EU's Bank Recovery and Resolution Directive, the framework for the recovery and resolution of credit institutions and investment firms found to be in danger of failing. The SRM was created by an EU Regulation that entered into force on 19 August 2014. A Single Resolution Fund (SRF) to finance the restructuring of failing credit institutions is planned to be established as an essential part of the SRM by a complementary intergovernmental agreement, pending its ratification. The resolution scheme is set to be launched on 1 January 2016, provided that the SRF has been established and funded prior of this date. The SRM will function in conjunction with the other main pillar of the EU banking union, the Single Supervisory Mechanism (SSM). The SRM will automatically apply to all SSM members, and states which do not participate in the SSM cannot participate in the SRM. == History == The SRM is planned to be enacted through a Regulation and an Intergovernmental Agreement (IGA) which are titled: *Regulation of the European Parliament and of the Council establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Bank Resolution Fund and amending Regulation (EU) No 1093/2010 of the European Parliament and of the Council *Agreement on the transfer and mutualisation of contributions to the Single Resolution Fund.〔 The proposed Regulation was put forward by the European Commission in July 2013.〔 The details of some aspects of the functioning of the SRF, including the transfer and mutualisation of funds from national authorities to the centralized fund, was split off from the Regulation into the IGA due to concerns, especially by Germany, that they were incompatible with current EU treaties.〔〔〔 The Parliament and the Council of the European Union reached an agreement on the Regulation on 20 March 2014. The European Parliament approved the Regulation on 15 April 2014, and the Council followed suit on 14 July, leading to its entry into force on 19 August 2014.〔(【引用サイトリンク】title=Regulation 806/2014: Establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010 )〕 The IGA was signed by 26 EU member states (all but Sweden and the United Kingdom) on 21 May 2014 and is open to accession to any other EU member states. It will enter into force on the first day of the second month following the deposit of instruments of ratification by states representing at least 90% of the weighted vote of SSM and SRM participating states,〔 and will apply from 1 January 2016, provided that the Regulation has entered into force, but only to SSM and SRM participating states.〔 It is planned that some of the provisions of the Regulation will apply from 1 January 2015, but the authority to carry out bank resolutions will not apply until 1 January 2016 subject to the entry into force of the IGA.〔 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Single Resolution Mechanism」の詳細全文を読む スポンサード リンク
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