Single Resolution Board announces change in the composition of its Board

The Single Resolution Board (SRB) announces the decision of Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation to leave the SRB.

Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation, who has been with the SRB since its beginning in March 2015, has notified the Chair of the SRB, Ms Elke König, and the European Commission, of his intention to leave his Board Member position once a successor has been appointed.

“We have come a very long way in a relatively short period of time at the SRB, developing it into a well-respected, efficient organisation as part of the Banking Union.” – Mauro Grande, SRB Board Member.

“Mauro has been with the SRB since the start back in 2015 and actively contributed to the SRB’s mission.  The other Board Members and I wish to thank him for his work to date. Looking at the tasks ahead and knowing Mauro’s dedication to the SRB we are glad that he will stay in his position until a new Board Member will be appointed.”- Elke König, Chair of the SRB.

In accordance with Art. 56 (7) of the Single Resolution Mechanism Regulation (SRMR), Mauro Grande will remain in office as Board Member and Director of Resolution Strategy and Cooperation until a successor is appointed, which is expected within the next few months.

The European Commission, in consultation with the SRB, has published a vacancy notice. The deadline for applications for the position of Board Member and Director of Resolution Strategy and Cooperation is 12/09/2018.

About the Single Resolution Board

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union (BU). Together with the national resolution authorities of participating Member States it forms the Single Resolution Mechanism (SRM). The SRB works closely with the European Commission (EC), the European Central Bank (ECB), the European Banking Authority (EBA) and national competent authorities (NCAs). Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy and public finances of the participating Member States and beyond.

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