BIS central bankers’ speeches  3  The detailed design of the “single resolution mechanism” is still the subject of debate in Brussels and the Member States’ capital cities.
Without prejudice to any decisions thereon, I would like to highlight two elements that I regard as being particularly important when designing the single resolution mechanism: on the one hand, the geographical and institutional scope of applicability of the single resolution mechanism should be the same as that of the Single Supervisory Mechanism.