Chapter 10, on “Resolution Action”, analyses the general aspects governing this action (resolution powers, general principles governing resolution action, order of priority of claims and the four resolution tools); the resolution procedure—with particular emphasis on the three resolution conditions [including the FOLTF determination as a ‘supervisory assessment’ and the public interest assessment (PIA)]; the application of moratorium tools and dealing with ‘limbo situations’; the government financial stabilisation tools (GFSTs); the adoption by the SRB and entry into force of the resolution scheme; and the various valuations for resolution purposes. The key resolution decisions of the SRB within the SRM and the related judgments of the EU Courts (Court and General Court) on the resolution of specific credit institutions within the SRMR (Banco Popular, Banca Popolare di Vicenza and Veneto Banca, ABLV Bank, AS and ABLV Bank Luxembourg, S.A., as well as Sberbank Europe AG and its subsidiaries in the BU) are discussed in detail.