Resolution Department

Main responsibilities

• to assess the situation of credit institutions for the purpose of determining whether the application of resolution measures is warranted;
• to take all actions as necessary for the Bank of Greece to exercise its powers as resolution authority under Article 2 (“Recovery and resolution of credit institutions and investment firms”) of Law 4335/2015;
• to recommends to the competent body (i.e. the Resolution Measures Committee); and
• to take the necessary actions arising from participation in the Single Resolution Mechanism.

The Resolution Department comprises the following sections:

• Resolution Implementation Section

• Resolution Planning Section A
• Resolution Planning Section B