Updated 21/12/2024
In force

Version from: 12/08/2022
Amendments (1)
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Article 27 - European system of resolution and funding arrangements

Article 27

European system of resolution and funding arrangements

1.  
In the areas of its competence, the Authority shall contribute to developing methods for the resolution of failing key financial market participants in ways which avoid contagion, allow them to be wound down in an orderly and timely manner, and, where applicable, including coherent and credible funding mechanisms as appropriate.
2.  

The Authority shall contribute to the work on the level playing field issues and cumulative impacts of any systems of levies and contributions on financial institutions that may be introduced to ensure fair burden sharing and incentives to contain systemic risk as a part of a coherent and credible resolution framework.