Resolution Unit

Main tasks

The Unit:

assesses the situation of credit institutions for the purpose of determining whether the application of resolution measures is warranted;
takes 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;
recommends to the competent body (i.e. the Resolution Measures Committee);
takes the necessary actions arising from participation in the Single Resolution Mechanism;
submits reporting templates for resolution purposes, and
implements actions provided for in Article 145b of Law 4261/2014.