Resumen de Considerations on the application of the NCWO principle under the SRM Regulation.

Christos Vl. Gortsos

• The aim of this article is to make certain specific considerations on the aoolication of the " no creditor worse off (NCWO) principle" ( or safeguard) under the Regulation governing the Single Resolution Mechanism and the Single Resolution Fund (SRMR). Even though the field os application of the SRMR also sovers other financial firms, the article´s focus, which is structured in four sections, is ( soleley) on credit institucions.