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Single Resolution Mechanism (SRM)

The Single Resolution Mechanism, consisting of the Single Resolution Board, the Single Resolution Fund and the national resolution authorities, is set to centralise key competences and resources for managing the failure of any credit institution in the participating Member States. The SRM has a twofold purpose: guaranteeing financial stability and ensuring that if a bank subject to the SSM faces serious difficulties, its resolution can be managed efficiently with minimal costs to taxpayers and the real economy.