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) will host the exercise, with participants from Austria’s Financial Market Authority, the National Bank of Belgium, Luxembourg’s Commission de Surveillance du Secteur Financier, the European Central Bank and the European Commission. The European Banking Authority and Finland’s Financial Stability Authority will act as observers.
The simulation builds on prior exercises and is led by the SRB’s dedicated crisis coordination team. It aims to increase efficiency, test processes and further improve the coordination between the authorities in resolution cases.