More generally, addressing the broader issue of how to minimise the risk of financial bubbles occurring requires the involvement of the private sector itself, financial market regulators and supervisors of financial institutions.
BIS central bankers’ speeches  1  The Single Resolution Mechanism (SRM) The second important pillar of the Banking Union is the Single Resolution Mechanism (SRM), which is a necessary complement to the Single Supervisory Mechanism. Single Resolution Mechanism creates a single authority, which is responsible for swift and orderly resolution of banks in the euro area and participating member states.