This means that these  4  BIS central bankers’ speeches  countries would be able to bail-out more domestic banks before they exhaust the fund than those with less resolution resources available, who would need to use more bail-in. This will also not help reduce fragmentation.
The Single Resolution Mechanism (SRM) – comprising of a European resolution authority and a single resolution fund – could remedy both these fragmentation problems of the BRRD, which is a further reason why it is so essential. First, a central authority would not be influenced by national preferences when applying discretion.