It is crucial to have a commitment to ensure that effective backstops are available, in order to ensure that the assessment is duly and timely concluded. A second cornerstone of banking union is the Bank Recovery and Resolution Directive (BRRD). By providing the tools and powers in national laws, it will form a basis on which to build a single resolution mechanism (SRM).
Attention should be  BIS Review 27/2003  7  focussed on the building of a compatible financial infrastructure in the region. The challenge is a mighty one, but it is time for SADC, as well as every other country and region, to meet it.