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The Single Resolution Board's mission

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union, which at present is 20 eurozone countries and Bulgaria. Together with the national resolution authorities it forms the Single Resolution Mechanism. The SRB works closely with the European Commission, the European Central Bank, the European Banking Authority and national authorities. Its mission is to ensure an orderly resolution of failing banks, protecting the taxpayer from state bail-outs, which is promoting financial stability.

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The SRB and the national resolution authorities work with banks and credit institutions to ensure everything is in place should a resolution be needed. This involves defining policy and guidance, managing an annual resolution planning cycle and setting targets for minimum requirement for own funds and eligible liabilities (MREL), MREL is one of the key tools in resolvability, ensuring that banks maintain a minimum amount of equity and debt to support an effective resolution.

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Staff Working Paper Series #4 - The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities
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Find out more about the resolution and non-resolution decisions taken by the SRB.

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Single Resolution Fund
What is the Single Resolution Fund?

The Single Resolution Fund (SRF) is an emergency fund that can be called upon in times of crisis. It can be used to ensure the efficient application of resolution tools for resolving the failing banks, after other options, such as the bail-in tool, have been exhausted. The SRF ensures that the financial industry as a whole ensures the stabilisation of the financial system. All banks across the 21 Banking Union countries must pay a fee annually by law to the SRF.

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Keep up to date with our latest news, press releases, speeches and blog posts here, as well as media contacts for journalists. You can also find information at a glance in our infographics and videos.

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SRB Bi-annual reporting note to Eurogroup – May 2025

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12 May 2025

Single Resolution Board banks continue to meet their MREL targets at end 2024

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10 June 2025

Prepared no matter the size – ensuring crisis readiness for smaller banks in the Banking Union

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08 October 2024

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Oct 15 2025

SRM 10th Anniversary Conference

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Petar Chobanov

Petar Chobanov

Petar Chobanov

Organisation:

Bulgarian National Bank

Deputy Governor in charge of the Banking Department and Member of the Governing Council of the Bulgarian National Bank

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Treurenberg 22
1049 Brussels
Belgium

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+32 (0) 2 490 30 00

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Monday to Friday, 08:30 to 17.30 CET

Single Resolution Board (SRB)

The Single Resolution Board is the central resolution authority within the Banking Union. Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy, the financial system, and the public finances of the participating member states and beyond.

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