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On 26 March 2018, Mr Yves Herinckx resigned as Vice-Chair and Member of the Appeal Panel.
The Chair of the SRB and the Chair of the Appeal Panel thank Mr Herinckx for his valuable contributions and notably his support in the building up phase of the SRB...
The SRB has cooperated closely with the EBA with regard to the reporting on resolution as of 2019, in particular for the Liability Data Report (LDR). Version 2.8 of the reporting framework as published by EBA also contains the minimum framework...
“Implementing EDIS would centralise deposit guarantee funds and align the EU and US more closely."
Given the importance of coordination for managing the failure of international banks, the SRB will strive to work with international authorities to make...
Once the Banking Union is completed there is little reason for ring-fencing writes Elke König
The European Commission’s risk reduction package proposes to implement important international provisions in order to reduce risks and achieve further progress...
MREL is a key tool to improve banks’ resolvability and safeguard taxpayers’ money, writes Elke König
As the SRB keeps saying, MREL is a journey. It is a journey with a clear destination – to ensure banks’ resolvability, thereby strengthening financial...
Brussels – 19 March 2018
The Single Resolution Board (SRB) announces the appointment of Mr Boštjan Jazbec as Member of the Board and Director of Resolution Planning and Decisions.
Mr Boštjan Jazbec, a Slovenian national, has been serving as...
The SRB Appeal Panel confirms that full disclosure of the Provisional Valuation Report would raise financial stability concerns. At the same time, it decided that the SRB should make public elements of the Valuation Report it considers to be of a non...
On 8 January 2018, Commission Delegated Regulation (EU) No 2361/2017 of 14 September 2017 on the final system of contributions to the administrative expenditures of the SRB came into force. This Delegated Regulation replaces the transitional system that...
Following the decision by the European Central Bank to declare ABLV Bank, AS and its subsidiary ABLV Bank Luxembourg S.A. as ‘failing or likely to fail’, the Single Resolution Board (SRB) has decided that resolution action is not necessary as it is not in...
Brussels, 2 February 2018
The Single Resolution Board (‘SRB’) published today an ‘extensive’ non-confidential version of the Resolution Decision, the Valuation Reports and the 2016 Resolution Plan. To make as much information publicly available as...
For the 2018 Liability Data Reporting process, the SRB has finalised the following documents which were published in their draft version on October 31st 2017 on the LDR section of the SRB website:
- Liability Data report Q&A – this document reflects both...
22 December 2017
The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Canada Deposit Insurance Corporation (CDIC) further strengthens the close cooperation between the two organizations in compliance with the legal...
The SRB is currently preparing a non-confidential version of the Valuation Report made by an independent expert and of certain other documents related to the resolution of Banco Popular.
In its recent decisions on cases 38/17 to 43/17, the SRB Appeal...
The Single Resolution Board (SRB), together with the Banking Union national resolution authorities (NRAs) publishes its 2017 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting con...
On 18 December, the mandate of Ms Elke König, Chair of the Single Resolution Board (SRB) was extended for additional five years as of 23 December 2017. Ms König was appointed Chair of the SRB at the end of 2014 for an initial period of three years.
Yester...
14 December 2017
The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Federal Deposit Insurance Corporation (FDIC) further strengthens the close cooperation between the two organizations in compliance with the legal frameworks...
Brussels – 23 June 2017
Following today’s decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that resolution action...
As of 30 June 2017, the Single Resolution Board (SRB) had collected €6.6 billion from 3,512 institutions in annual contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €17.4 billion.
The SRF pools contributions...
On 29th September 2017, the Single Resolution Board (SRB) held its second annual conference in Brussels. “Building Resolvability Together” brought together international panellists to discuss progress made in establishing banking resolution planning and...
Brussels – 4 December 2017
Today, the Single Resolution Board (SRB) publishes its first multi-annual programming document, including its Work Programme 2018. The SRB sets out an ambitious roadmap for improving the resolvability of the banks under its...
Takeaways from the first application of the EU’s crisis management framework
Ten years after the outbreak of the financial crisis, the EU and its Member States (MS) today are in a far better position to manage the negative externalities banking can...
Brussels – 22 August 2017
The Single Resolution Board (SRB) announces the decision of Ms Joanne Kellermann, Board Member and Director of Resolution Planning and Decisions, to leave the SRB.
Ms Joanne Kellermann, Board Member and Director of Resolution...
Brussels – 29 September 2017
Today, the Single Resolution Board (SRB) is holding its second conference in Brussels under the theme "Building resolvability together”. The SRB’s focus is on making banks easier to resolve, counting on and fostering...