The point of the departure must be that the scope of the SRM covers all banks authorised in participating Member States. The working group must, however, examine options for enhancing the role of national resolution authorities, bearing in mind the role that national supervisory authorities have in the supervision of less significant banks in the SSM.
I noted a large degree of support for the governance structure as set out in the Presidency compromise, but I also noted that there is as yet agreement to be found. I would therefore like the working party to continue its work and also explore the voting modalities and the possibilities of involvement of the Council, to see if this is a possible route. There is agreement, however, among us all, that any mechanism should enable swift, robust and effective decision making.
On the structure of the Fund I notice that we are still in the process in looking for best solution. I think we have to work on the basic premise that we will have one Single Fund.
Beyond that I think we still need to explore possibilities as regards the structure and the build-up of the fund. I think it is worthwhile at least to look at how the Fund can be constructed, in a transitional period. Some ideas deserve further exploration.
As regards issues of non-contractual liability and equality of treatment of participating and non-participating Member States, we should look for ways to solve these issues in a reasonable and fair manner.
