Refine
- 180 results found
- (-) Blog post
- (-) Interviews
- (-) News
- (-) English
Results list
On 8 October 2020, the Single Resolution Board (SRB) held its fifth annual conference under the title Banking Resolution: Firm Foundations for Stability. In light of the ongoing Covid-19 pandemic, the event was turned into a hybrid meeting, with some...
The fifth Annual SRB Conference "Banking resolution: firm foundations for stability" took place on Thursday 8 October 2020.
The COVID-19 pandemic constitutes an unprecedented global shock. The latest economic forecasts point at the deepest recession since World War II and, at this stage, we do not yet know its full and final impact on the economy: it remains a very large...
When talking about the predictability of the resolution framework, one has to state clearly, that we have a viable system in place, providing clear rules on using resolution tools and allocating losses in case of a bank failure. For example, a harmonised...
The Single Resolution Board (SRB) today publishes operational guidance on operational continuity in resolution (OCIR) and on FMI contingency plans. This follows the publication, following consultation, of the SRB Expectations for Banks document, which...
The Single Resolution Board (SRB) plans for and manages bank failures in such a way that the public interest is safeguarded. The bank resolution framework was put in place for banks whose collapse might shake other parts of the economy. In these cases...
Over the past few months, there has been an understandable focus on dealing with the effects of the Covid-19 outbreak on our economies. However, we should not forget some of the other challenges facing the European financial sector, among them the fact...
Both because of its global scale and dramatic social and economic impact and because continued uncertainty regarding its ultimate scope and consequences, the crisis resulting from the Covid-19 pandemic is an unprecedented challenge being faced by global...
The SRB premises are open in line with the Belgian government's guidelines for social distancing and hygiene measures. Staff members are combining work in the office and teleworking on a weekly shift basis. No external visitors or meetings will be held in...
The economic shock of the Covid-19 outbreak has put the financial industry again in the spotlight – this time as vital players in mitigating the effects of the crisis, supported by national and European authorities. While the European banking sector...
Registration for the 2020 SRB Conference are open. Catch up with the agenda and speakers and register now.
The COVID-19 outbreak has left us in uncharted waters, with the ultimate effects on the global economy and the banking industry still unknown. However, the resolution framework put in place after the financial crisis means we have a steadier hand on the...
A centralized liquidation regime in the EU would address the current gap in the framework for medium-sized banks
This year marks the SRB’s fifth anniversary – an appropriate time to reflect on how the crisis management framework has worked so far and...
Trust among authorities is the main driver to overcome ring-fencing attempts
Resolution strategies for banking groups with subsidiaries in several countries can follow either a single point of entry (SPE) or a multiple point of entry (MPE) approach. For...
In this blog, I would like to provide additional clarity on the SRB’s approach to minimum requirements for own funds and eligible liabilities (MREL), taking the impact of the COVID-19 crisis into account.
First of all, the banking industry has made...
With this blog post, I will explain the SRB’s approach to the uncertainty and disruption caused to the Euro Area economy by the COVID-19 outbreak.
The world is facing an extraordinary challenge. The pandemic is having a severe effect on people’s health...
Letter from SRB Chair Elke König to banks under the SRB's remit, outlining potential operational relief measures related to the COVID-19 outbreak.
Following European Commission and Belgian government decisions, SRB staff is teleworking as from Monday, March 16 until further notice. The SRB continues to monitor the situation and remains fully operational. Staff remain contactable via email or phone.
...
At the height of the financial crisis, a survey showed that most young adults would rather go to the dentist than listen to a banker. That’s a painful finding on various levels. Arguably the financial sector lost the trust of the general public during the...
Welcome to our new blogging series!
Look out for our next SRB Insights in 2020, we will invite authors from other EU institutions but also from the industry and academia to blog on our latest online platform. Different voices, different opinions, all...
On 10 October 2019, the Single Resolution Board (SRB) held its fourth annual conference. In contrast to previous years’ events, which focused on policy development and definition of resolvability mechanisms, this year’s discussions tackled topics related...
The SRB has set up a dedicated solution for raising questions on the Resolution Reporting.
The Q&A process aims at providing support to National Resolution Authorities and institutions subject to the resolution reporting requirements.
Details on how to...
As communicated during the SRB Industry dialogue on June 18th 2019, the SRB has today launched the process for the 2020 data collection cycle for Resolution Reporting. The details of the scope, content and deadlines for resolution reporting to the SRB are...
The definition of a bank’s size as small, medium or big is relative. The Banking Union (BU) established a definition for significant institutions and a dedicated framework. However, there are many other institutions as well as significant institutions...
If the European Union’s motto is ‘United in Diversity’, then perhaps the Banking Union’s motto should be something along the lines of ‘Strength in Diversity’.
The Banking Union is a diverse mosaic of small and complex financial institutions. In some...