Single Resolution Board Enters into New Arrangements with Mexico’s Institute for the Protection of Bank Savings (IPAB) & the Bank of Albania

The Single Resolution Board (SRB) has signed Cooperation Arrangements with Mexico’s Institute for the Protection of Bank Savings (IPAB) and the Bank of Albania.

The new arrangements further strengthen existing close cooperation in order to maintain financial stability. Given the global nature of financial markets, it is important that cooperation between regulators continues to be reinforced. Bilateral arrangements signed between resolution authorities underpin this cooperation and are important for resolution planning. The new deals cover the exchange of information and cooperation in resolution planning especially for financial institutions with cross-border operations. The goal is to facilitate the resolution of banks present across the respective jurisdictions. The SRB intends to conclude similar arrangements with other countries in the future.

• Find out more about the cooperation arrangements here.

About the Single Resolution Board

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union (BU). Together with the NRAs 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.

Media Contact details:

Camille De Rede

E-mail: Camille.De-Rede [a] srb.europa.eu (Camille.De-Rede[at]srb.europa.eu)

Phone number: +32 2 490 3530

Switchboard: +32 2 490 3000

Mobile phone: +32 477 028 530

Seán de Búrca

E-mail: Sean.de-Burca [a] srb.europa.eu (Sean.de-Burca[at]srb.europa.eu)

Phone number: +32 2 490 3710

Switchboard: +32 2 490 3000

Mobile phone: +32 477 02 87 10

 Website: http://srb.europa.eu/

Twitter: @EU_SRB