eng European banking union single resolution mechanism – its present state and development potential info:eu-repo/semantics/conferenceProceedings 2024 https://unilib.phaidrabg.rs/o:9782 ISBN: 978-961-7110-10-4 http://creativecommons.org/licenses/by-nc/4.0/legalcode Abstract: Since its start in 2015, Single Resolution Mechanism (SRM) came a long way from fragile framework to the presently rather important mandate within the European banking sector. By the same token, impact and modus operandi of the European Banking Union (EBU) have progressed considerably so that national authorities (NRAs) nowadays closely cooperate with the Single Resolution Body (SRB). EBU itself was established in 2014 as a key part of the economic and monetary Union. SRB is empowered to ensure effective functioning of the SRM. Its objective is to strengthen the integration within the Banking Union and to implement the strategy for the next five years, called SRM Vision 2028. This document focuses mainly on resolution planning system's resilience in the face of the crisis, crisis management and regular testing of emergency plans and procedures. It also covers governance, organisation and digital transformation. Finally, it encourages recruiting, professional development and inclusion of talented human resources. The implementation of this strategy will provide an established agency, together with NRAs, capable of withstanding evolving challenges. The aim of this paper is to offer closer insight in the SRM development outcome, its effectiveness and the areas covered by the strategy and its further work. The authors highlight the complex structure and legal framework of the SRM and the importance of the newly adopted strategic documents for the future effective functioning of the EBU. This publication is a result of Erasmus+ cooperation between institutions. The European Commission's support for the production of this publication does not constitute an endorsement of its contents, which reflect only the views of the authors. The EC cannot be held responsible for any use of the information contained therein. Kataložni zapis o publikaciji (CIP) pripravili v Narodni in univerzitetni knjižnici v Ljubljani COBISS.SI-ID 199748867 application/pdf 719714 bytes Đurić, Đuro Jovanović, Vladimir Keywords: European Banking Union, bank resolution, Single Resolution Mechanism, Single Resolution Board, Economic and Monetary Union (EMU). Sustainable Intelligence in the Digital Landscape: Exploring Paths for Management and Economics: 6th Eastern European Conference of Management and Economics (EECME 2024) Ljubljana: School of Business