15  Central Bank of Ireland: PRISM. 16  The Single Resolution Mechanism (SRM) is made up of a network of national resolution authorities and a central decision making body, the Single Resolution Board (SRB).
The Central Bank works closely with the SRB, which is directly responsible for significant institutions and cross border groups while the Central Bank remains directly responsible for less significant institutions, investment firms and credit unions. 17  Central Bank of Ireland: Resolution Industry Briefing (30 May 2019).