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Resolution tools of the financial institutions

Publication at Faculty of Law |
2018

Abstract

Crisis management tools are specific and new tools in case of financial problems of the financial institution brought about by the new European legislation within the banking union. Following the integration of supervision over the banking sector and the harmonization of procedures for solving the crisis of the financial institution's failure in the European Union, the Act No. 374/2015 Coll. (1) As a body responsible for crisis management, the CNB has a wide range of powers to ensure effective resolution of the financial institution's failure