At
their meetings on 10 December, EU finance ministers reached a preliminary
agreement on the outlines of the mechanism for restructuring or unwinding
ailing banks.
Based on the Commission proposal of 10 July, the new mechanism,
the Single Resolution Mechanism (SRM), would establish an integrated European
resolution system for all countries participating in the Banking Union, thus
enabling the smooth and speedy restructuring of failing banks when necessary.
The SRM would include a single resolution board and a single resolution fund so
that the EU can tackle future bank crises efficiently with minimal costs to
taxpayers and the economy. The Council Regulation establishing the Single
Supervisory Mechanism (SSM), the first leg of the Banking Union, which fully
entrusts the European Central Bank (ECB) with the direct supervision of banks
in the euro area, was adopted and published in October of this year. An
extraordinary ECOFIN meeting will take place during the week of 16 December to
finalise the Council's general approach on the SRM.
24 April 2026
The Malta Chamber of SMEs, in collaboration with Transport Malta, organised the second educational session...
23 April 2026
Thanks to EU funding, the Malta Chamber of SMEs organised another free specialised training session...
22 April 2026
Earlier this week, Malta Chamber of SMEs President Mr Paul Abela attended a special event...
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).
