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The head of the euro-area agency that deals with bank failures has said he is “reasonably comfortable” with the recovery plans Irish banks have drawn up in the...

• The SRB publishes its second assessment of banks’ resolvability across the Banking Union
• Good progress made to date on key priorities and in building up loss-absorbing capacity

The Single Resolution Board has today published the results of its annual...

Liquidity is central to successful crisis management. Banks depend on trust. If customers lack confidence that their funds will be available on demand, a spiraling liquidity crisis may develop. Such a crisis can potentially drive fire sales of assets to...

The banking turmoil in the US and Switzerland earlier this year had plenty of noteworthy aspects. First Republic Bank, which collapsed shortly after Silicon Valley Bank, was the largest bank to fail since the great financial crisis, while Credit Suisse...

The Treaty of Rome, signed in 1957, established the single market and outlined a roadmap towards full freedom of movement of capital. Since then, the completion of this roadmap has been a multigenerational effort that continues to this day.

After almost...

The European Central Bank and the Single Resolution Board have signed a Memorandum of Understanding (MoU) on the exchange of certain types of confidential statistical information, in order to improve analysis related to bank resolution.

The MoU is an...

The SRB publishes today its MREL dashboard for Q1.2023. The MREL dashboard presents the evolution of MREL targets and shortfalls for resolution (external MREL) and non-resolution entities (internal MREL) as well as the level and composition of resources...

The SRB today published its Annual Report for 2022. The report details the work of Europe’s Single Resolution Board and highlights the progress made in making Europe’s banking sector more stable, by ensuring all of the SRB’s banks make themselves...

Europe’s bank resolution authority is pushing policymakers to provide more “firepower” to protect depositors and rethink how lenders are wound down after recent failures underscored the need for swift and decisive action in a crisis.

Silicon Valley Bank...

• New guidance builds on previously issued “Expectations for banks”
• Targets banks’ capacity to measure and report liquidity in resolution

Today. 16 June, the SRB published new guidance on liquidity in resolution data for 115 of Europe’s largest banks[...

Dominique Laboureix: We don't want taxpayers to be hit if things go wrong somewhere. 

Politicians are afraid that "their" banks will pay for failing banks in other countries if there were a European deposit guarantee scheme.But through the Single...

MREL policy

The SRB has decided to maintain its policy on the calibration of MREL (total and subordinated component) with minimal changes this year. “We aim to provide a stable regulatory environment in a phase where some banks are still building up...

• No impact on ongoing requests and permissions already granted by the SRB.
• The Delegated Regulation mirrors the EBA draft RTS, except for the procedure for institutions with minimum requirement for own funds and eligible liabilities (MREL) equal to the...

The European crisis management framework is a strong, flexible framework that is well-designed to manage bank failure. However, work remains to be done to enhance the framework. I will focus on two key issues: ensuring we have the options needed to manage...

The EU’s resolution authority is investigating how to adjust to the pressure from digital bank runs, which accelerated the failures of U.S. lenders in March.

Dominique Laboureix, the chair of the Single Resolution Board (SRB), which works to prevent and...

• Proposed legislative changes seen as important and pragmatic step forward
• ECB and SRB ready to provide technical input on proposals to ensure consistent and workable framework

The European Central Bank (ECB) and the Single Resolution Board (SRB)...

Dominique Laboureix, chair of the European Union’s Single Resolution Board, said he wanted to send a clear message to investors that the regulator would uphold the legal framework for absorbing losses in the case of another bank failure.

• The Swiss decision has led some Credit Suisse AT1 bondholders to consider legal action, and it sparked uncertainty for bondholders around the world.
• “We wanted to tell it very clearly to the investors, to avoid to be misunderstood: we have no choice...

BRUSSELS — The EU shouldn’t ignore financial-market jitters over the health of the banking sector, the head of the European authority for managing bank failures said, as he warned a lack of trust could spiral despite the resilience of the sector.

Bank...

EU plans to bring more mid-sized banks into the resolution framework and tinker with the conditions for a rainy-day fund for bank failures won’t be a “free lunch,” according to the head of the European authority for handling bank failures.

• Read on...

Dans un entretien exclusif à L’Agefi, Dominique Laboureix, président du Conseil de résolution unique (SRB) européen depuis fin novembre, juge que la gestion des crises SVB et Credit Suisse ne remet pas en cause le modèle européen

• Read the article...

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...