What does single resolution board mean?
Definitions for single resolution board
sin·gle res·o·lu·tion board
This dictionary definitions page includes all the possible meanings, example usage and translations of the word single resolution board.
Wikipedia
Single Resolution Board
The Single Resolution Board (SRB) is an EU agency that was established in Brussels in 2015 as part of the broader set of reforms known as the banking union. It acts as the resolution authority for a subset of banks in the euro area and as the institutional hub of the Single Resolution Mechanism. Resolution is the restructuring of a bank by a resolution authority through the use of resolution tools in order to safeguard public interests, including the continuity of the bank’s critical functions and financial stability, at minimal costs to taxpayers.
Numerology
Chaldean Numerology
The numerical value of single resolution board in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of single resolution board in Pythagorean Numerology is: 2
Examples of single resolution board in a Sentence
European Union finance ministers:
As of 2016, each participating member state will enter into a harmonized loan facility agreement with the Single Resolution Board (SRB), providing a national individual credit line to the SRB to back its national compartment in the SRF in case of possible funding shortfalls following resolution cases of banks of the Member State concerned.
European Union finance ministers:
Member states participating in the banking union agree to put in place a system of bridge financing arrangements in order to ensure sufficient funding to the SRF during the transitional period, as of 2016, each participating member state will enter into a harmonized loan facility agreement with the Single Resolution Board (SRB), providing a national individual credit line to the SRB to back its national compartment in the SRF in case of possible funding shortfalls following resolution cases of banks of the Member State concerned.
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"single resolution board." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/single+resolution+board>.
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