Considerations on the application of the NCWO principle under the SRM Regulation.

• Autores: Christos V. Gortsos
• Localización: Revista General de Insolvencias & Reestructuraciones: Journal of Insolvency & Restructuring (I&R), ISSN-e 2697-0953, Nº. 1, 2021, págs. 23-42
• Idioma: inglés
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• Resumen

  • The aim of this article is to make certain specific considerations on the aoolication of the " no creditor worse off (NCWO) principle" ( or safeguard) under the Regulation governing the Single Resolution Mechanism and the Single Resolution Fund (SRMR). Even though the field os application of the SRMR also sovers other financial firms, the article´s focus, which is structured in four sections, is ( soleley) on credit institucions.