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.
ENDS
Contact our communications team
Recent news
- Well-coordinated communication is essential when banks fail or are likely to fail
- The consultation runs until 12 December 2025.
The SRB opens today a pu...
Guidance, published after public consultation, provides details on the multi-annual testing programme
Regular testing of banks’ ability to deal with a...