SRB and European Central Bank revise Memorandum of Understanding

The Single Resolution Board and the European Central Bank have revised their Memorandum of Understanding in order to further enhance cooperation and information exchange.

The SRB Chair, Elke König, and the Chair and Vice-Chair of the ECB Supervisory Board, Andrea Enria and Frank Elderson,  have signed the document on 16 December 2022.

The revision of the Memorandum of Understanding (MoU) is an important milestone in the cooperation between the SRB and ECB. This includes many aspects of cooperation and exchange of information as it draws lessons learned from recent crisis cases, addresses cooperation arrangements deriving from the Banking Package, and formalises current practices.