The SRB has published an update of its communication on how banks can notify the authorities when bail-in recognition clauses cannot be added to contracts under third-country law, following the publication of the delegated and implementing acts.
The update concerns:
- Adequate references to the Level 2 legislation;
- A requirement for banks to submit notifications, if any, in XBRL;
- Some practical instructions for banks reporting categories of liabilities/contracts, in line with the EBA Reporting Framework 3.0.
Read the operational guidance here
Documents
Contact our communications team
Recent news
🎙 European Commission PODCAST - The one about the Single Resolution Board (SRB) 🎧
EU Finance Podcast host Aidas Palubinskas and Dominique Laboureix -...
The SRB welcomes the adoption of the Daisy Chains Act by the European Parliament on 27 February. This will allow resolution authorities more scope in...
- The Single Resolution Board is pleased to invite media representatives to its SRM Media Day in Brussels at The Egg venue on Monday, 12 February 2024...
Related news and press releases
- Proposed legislative changes seen as important and pragmatic step forward
- ECB and SRB ready to provide technical input on proposals to ensure...
It is now a decade since the Liikanen Report was published. While the proposal for structural reform in the banking sector was not implemented in the...
The Single Resolution Board (SRB) publishes today its operational guidance on the identification and mobilisation of collateral in resolution. It is...