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The Single Resolution Board (SRB) is pleased to announce the appointment of Jan Reinder De Carpentier as Vice-Chair and Pedro Machado and Jesús Saurina as Members of the Board and Directors of Resolution Planning and Decisions. They will take up their...

The Single Resolution Board (SRB) and Japan’s Financial Services Agency (FSA) have agreed to cooperate on resolution planning for banks, through an exchange of letters. The letters were signed on 11 October 2019 in Tokyo at the EU-Japan Joint Financial...

The Single Resolution Board (SRB) is moving into the final phase of the right to be heard process regarding its preliminary decision whether to compensate the shareholders and creditors affected by the resolution actions concerning Banco Popular Español S...

The EU’s banking resolution authority, the Single Resolution Board (SRB), has today outlined what it expects will happen after the UK formally leaves the EU.

Under the Withdrawal Agreement agreed between the UK and the EU27, there will be a Transition...

The Single Resolution Board’s procedure to assess applications to reduce eligible liabilities instruments under Article 78a of the Capital Requirements Regulation will remain in place until the relevant European Banking Authority’s Regulatory Technical...

Senior officials from EU and national resolution, regulatory and supervisory authorities will hold a planned coordination exercise on 9 & 10 December 2019, as part of ongoing efforts to strengthen crisis preparedness.

The Single Resolution Board (SRB)...

The Single Resolution Board (SRB) takes note of yesterday’s judgments of the General Court of the European Union annulling the SRB’s decisions on the 2016 ex-ante contributions of Banco Cooperativo Español, Portigon, and Hypo Vorarlberg Bank to the Single...

The Chair of the Single Resolution Board (SRB), Elke König today presents the SRB’s 2017 Annual Report at the European Parliament’s Committee on Economic and Monetary Affairs in Brussels. 

The report takes stock of the work and the progress made in 2017...

The Single Resolution Board (SRB) today launches its first public consultation on its ‘Expectations for Banks’ document, which outlines best practice on key aspects of resolvability. The consultation is part of the SRB’s commitment to listening to the...

The Single Resolution Board (SRB) has today published its 2020 Work Programme, setting out its priorities and core tasks for the year ahead. 2020 is the final year of the SRB’s 2018-2020 multiannual work programme and will mark the fifth anniversary of...

The Single Resolution Board (SRB) congratulates Dominique Laboureix for his appointment as Secretary-General of the French national supervisory and resolution authority, l’Autorité de Contrôle Prudentiel et de Résolution (ACPR). He will move to the ACPR...

Today, the Single Resolution Board (SRB) is holding its fourth conference in Brussels. The annual event brings together industry, public authorities and key stakeholders in bank resolution to assess progress and priorities for action.

The theme this...

Following the European Central Bank’s assessment of AS PNB Banka as failing or likely to fail, the Single Resolution Board has today decided that resolution action is not necessary. The Latvian bank will be wound up under national law.

The SRB assessed...

The Single Resolution Board (SRB) today announced that the Single Resolution Fund (SRF) received a cash injection of €7.8 billion from 3,186 institutions for the year 2019. This brings the total amount in the SRF to just under €33 billion. The target size...

Brussels – 03 07 2019

The Single Resolution Board (SRB) has today published a paper outlining its approach to an important element of the resolution framework, the Public Interest Assessment (PIA).

The PIA examines whether the resolution of a particular...

‘Complete resolution plans for all banking groups under SRB remit by 2020,' says Elke König 

Brussels – 01 07 2019

The SRB today published its 2018 Annual Report, which gives an overview of its work and highlights achievements and progress. 

Work on...

The Single Resolution Board has today published an update to its policy on minimum requirement for own funds and eligible liabilities (MREL) in light of the publication of the Banking Package in the Official Journal of the EU on 7 June 2019.

The Single Resolution Board (SRB) announces the appointment of Mr Sebastiano Laviola as Member of the Board and Director of Resolution Strategy and Cooperation. He will take up his duties on 1 May, 2019.

Mr Laviola, an Italian national, is a Central...

Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and the European Banking Union will hold a meeting on Saturday, April 13, as part of a series...

Brussels – 27 03 2019

The European Commission, in consultation with the Single Resolution Board (SRB), has launched the process to select and appoint three new Board Members.

The terms of office for the Board Members appointed in 2014, which are not...

In accordance with the Single Resolution Mechanism Regulation, the entities and groups (142 as of 1 June 2016) which currently fall under the direct responsibility of the SRB are the following:

(1) the entities and groups directly supervised by the...

Brussels – 19 February 2019

The Single Resolution Board (SRB) has today published its Framework for Valuation.

The objective of this Framework for Valuation is to provide independent valuers and the general public with an indication of the SRB’s...

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania...

Brussels – 16/01/2019

The Single Resolution Board (SRB) has today published the second part of its 2018 policy on the minimum requirement for own funds and eligible liabilities (MREL) pertaining to the second wave of resolution plans; i.e. the plans...

On the 15th October 2018, the Single Resolution Board held its annual conference in Brussels. This event - occurring ten years after the financial crash that eventually brought the SRB into existence - gave panellists and speakers the opportunity to...