As with supervision, tasks will be divided between the area’s Single Resolution Board and the national authorities in accordance with banks’ characteristics. A number of institutions will be involved in making decisions: the Commission, the European Council, the ECB, and national supervisory and resolution authorities. The complexity of the process calls for smooth and effective decision-making procedures.
Any resolution of very big and complex banks will also require the preparation of an adequate backstop at European level that can be activated at short notice. It may also prove necessary to increase the resources of the Single Resolution Fund, which is financed by the banks.