The Single Resolution Board (SRB) and Japan’s Financial Services Agency (FSA) have agreed to cooperate on resolution planning for banks, through an exchange of letters. The letters were signed on 11 October 2019 in Tokyo at the EU-Japan Joint Financial Regulatory Forum, hosted by the FSA and co-organised with the European Commission.
Bilateral cooperation arrangements between resolution authorities are an important ingredient for building resolvability and improving resolution planning. With this agreement, the FSA and the SRB confirm their commitment to strengthening cross-border resolvability by enhancing communication and cooperation, and to work together in planning and conducting orderly cross-border resolutions. The goal is to facilitate the resolution of banks present in the respective jurisdictions while maintaining financial stability in Japan and the European Union.
Find out more about the SRB’s international cooperation agreements here
Contact our communications team
Recent press releases
Karen Braun-Munzinger to succeed Sebastiano Laviola as Director of Resolution Policy Development and Coordination in May
The SRB welcomes the...
SRB Chair Dominique Laboureix is taking part in the Trilateral Principal Level Exercise (TPLE) in Washington on Saturday, 20 April, joining heads of...
The SRB welcomes the news today that the ECB and the EBA are to boost efforts to make banking industry data reporting more efficient. The aim is to...
Related news and press releases
The Single Resolution Board (SRB) and South Korean’s Deposit Insurance Corporation (KDIC) have signed this week a cooperation arrangement, holding a...
In view of the growing globalisation of the world’s financial markets and the increase in cross-border operations and activities of financial...