Resolution authorities

Published: 1/1/2016 Modified: 27/4/2021
Resolution authorities are the authorities in each Member State that are empowered to apply the resolution tools and exercise the resolution powers.

Resolution authorities are the authorities in each Member State that are empowered to apply the resolution instruments and exercise the resolution powers. In the Republic of Croatia they are as follows:

Single Resolution Board – the central resolution authority within the Banking Union. Together with the national resolution authorities in the participating Member States, it forms the Single Resolution Mechanism. The Single Resolution Board is directly responsible for the entities referred to in Article 7(2), (4)(b) and (5) of Regulation (EU) No 806/2014. In the Republic of Croatia they are as follows:

List of credit institutions in the Republic of Croatia under the remit of the SRB

Croatian National Bank – the national resolution authority responsible for credit institutions that are not part of a group and groups in which at least one member is a credit institution, directly responsible for the entities referred to in Article 7(3) of Regulation (EU) No 806/2014. In in the Republic of Croatia they are as follows:

List of credit institutions in the Republic of Croatia under the remit of the CNB

Croatian Financial Services Supervisory Agency – the national resolution authority responsible for investment firms that are not part of a group and groups in which at least one member is an investment firm and no member is a credit institution, directly responsible for those investment firms not falling within the scope of Article 2 of Regulation (EU) No 806/2014. In the Republic of Croatia they are as follows:             

List of investment firms in the Republic of Croatia under the remit of the HANFA

In addition to resolution authorities, competent ministries have been designated in the Member States, which are responsible for economic, financial and budgetary decisions at the national level according to national competences and which have been designated by the Member State to perform the function of the competent ministry.

The Ministry of Finance of the Republic of Croatia is the ministry competent for the exercise of the tasks under the Act on the Resolution of Credit Institutions and Investment Firms.

In addition, the Croatian Deposit Insurance Agency manages the national resolution fund and is empowered to collect ex-ante and ex-post contributions paid to the Single Resolution Fund.