SRB signs cooperation arrangements with Australia, Argentina and New Zealand

The Single Resolution Board (SRB) has reached Cooperation Arrangements with the Australian Prudential Regulation Authority (APRA), the Central Bank of the Argentine Republic – Banco Central de la República Argentina (“BCRA”) and the Reserve Bank of New Zealand. The arrangements focus on the exchange of information and cooperation related to bank resolution planning, and how that is implemented for banks with cross-border operations.

Cooperation Arrangements between resolution authorities are an important ingredient for building resolvability, especially in the case of increasing cross-border banking operations and activities.