): “Broad agreement exists on the need for a harmonisation of necessary parts of bank insolvency law, including with regard to cross-border groups and the ranking of creditors, while the toolbox for resolution might need to be expanded.” ix This report is expected to feed into the review of the Single Resolution Mechanism, European Commission (2019), “Report from the Commission to the European Parliament and the Council on the application and review of Directive 2014/59/EU (Bank Recovery and Resolution Directive) and Regulation 806/2014 (Single Resolution Mechanism Regulation)”, available at http://ec.europa.eu/transparency/regdoc/rep/1/2019/EN/COM-2019-213-F1-EN-MAIN-PART-1.PDF, and European Parliament (2019), Briefing for the purposes of the Public hearing with Elke König, Chair of the Single Resolution Board on 2 April 2019.
The European Parliament ECON Committee has also commissioned an external study on “Lessons from the United States for banking resolution in the Banking Union” to be published in spring 2019. x State aid SA.50640 (2018/N) – Italy – liquidation scheme for small banks, available at http://ec.europa.eu/competition/state_aid/cases/274069/274069_1989761_107_2.pdf.