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QM weight of ratifying states as of entry into force• The proposed Regulation was put forward by the in July 2013 to complement the other pillars of the EU banking union, the SSM.

Parliament of the Czech Republic.

The SRF is established under the control of the SRB.

The Single Resolution Mechanism entered into force on 19 August 2014 and is directly responsible for the resolution of the entities and groups directly supervised by the European Central Bank as well as other cross-border groups.

The SRB works closely with the European Commission, the European Central Bank, the European Banking Authority and national authorities.

To trigger resolution with the ECB• At the SRB, we believe diversity creates excellence — more diverse staff members mean a wider range of opinions, leading to better and more robust teams.

Under this system, all credit institutions established in the Banking Union must contribute to the administrative expenditures of the SRB.

Respondents also asked for clarification on certain aspects, including the scope of entities for internal MREL, the scope of cooperatives and the eligibility of liabilities issued under third-country law.

Senate for six years, most recently as Chief Counsel and Deputy Staff Director with the Senate Committee on Banking, Housing and Urban Affairs, and previously as Assistant Chief Counsel with the Senate Small Business and Entrepreneurship Committee.

Together with the National Resolution Authorities of participating Member State, it forms the Single Resolution Mechanism.

The reform proposal was blocked for months because of the veto of the Italian government.