Tasks of the national resolution authority

The Bank of Greece as national resolution authority

to work closely together with the Single Resolution Board (SRB) in drawing up resolution plans for Greek significant credit institutions;
to draw up resolution plans for less significant credit institutions directly supervised by the Bank;
to evaluate the necessity of resolution measures in relation to credit institutions directly supervised by the Bank;
to assess and select the appropriate resolution tools and apply the resolution mechanism;
to implement and follow up on the decisions of the Single Resolution Board;
to recommend to the competent bodies (namely the Resolution Measures Committee);
to ensure the collection of contributions from credit institutions within the remit of the Single Resolution Mechanism, and to calculate and collect contributions from domestic branches of third-country credit institutions;
to participate in resolution colleges for cross-border banking groups; and
to participate in committees and working groups of the Single Resolution Board, the European Banking Authority and the European Commission.