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22 December 2017

The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Canada Deposit Insurance Corporation (CDIC) further strengthens the close cooperation between the two organizations in compliance with the legal...

The SRB is currently preparing a non-confidential version of the Valuation Report made by an independent expert and of certain other documents related to the resolution of Banco Popular.

In its recent decisions on cases 38/17 to 43/17, the SRB Appeal...

The Single Resolution Board (SRB), together with the Banking Union national resolution authorities (NRAs) publishes its 2017 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting con...

On 18 December, the mandate of Ms Elke König, Chair of the Single Resolution Board (SRB) was extended for additional five years as of 23 December 2017. Ms König was appointed Chair of the SRB at the end of 2014 for an initial period of three years. 

Yester...

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14 December 2017

The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Federal Deposit Insurance Corporation (FDIC) further strengthens the close cooperation between the two organizations in compliance...

Brussels – 23 June 2017

Following today’s decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that resolution action...

As of 30 June 2017, the Single Resolution Board (SRB) had collected €6.6 billion from 3,512 institutions in annual contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €17.4 billion.

The SRF pools contributions...

Brussels – 4 December 2017

Today, the Single Resolution Board (SRB) publishes its first multi-annual programming document, including its Work Programme 2018. The SRB sets out an ambitious roadmap for improving the resolvability of the banks under its...

Brussels – 22 August 2017

The Single Resolution Board (SRB) announces the decision of Ms Joanne Kellermann, Board Member and Director of Resolution Planning and Decisions, to leave the SRB.

Ms Joanne Kellermann, Board Member and Director of Resolution...

Today, the Single Resolution Board (SRB) is holding its second conference in Brussels under the theme "Building resolvability together”. The SRB’s focus is on making banks easier to resolve, counting on and fostering...

The Single Resolution Board (SRB) today publishes its 2016 Annual Report. The report takes stock of the progress made in developing resolution plans, establishing the Single Resolution Fund (SRF) and also fostering cooperation within the Banking Union...

Brussels – 7 June 2017

Today, the Single Resolution Board (SRB) has transferred all shares and capital instruments of Banco Popular Español S.A. (Banco Popular) to Banco Santander S.A (Santander). This means that Banco Popular will operate under...

In order to clarify certain information issued by media sources regarding a specific bank, the Single Resolution Board would like to notify the following:

“The mission of the SRB is to ensure an orderly resolution of failing banks with minimum impact on...

Senior officials representing resolution authorities in the United States and Europe on Monday will hold the second in an ongoing series of planned exercises to enhance coordination on cross-border resolution.

The discussion exercise will be held on...

Context

The Single Resolution Board (SRB) is the resolution authority for participating Member States within the Banking Union (BU). It began operating as an independent European Union (EU) agency on 1 January 2015. The SRB assumed its full legal powers...

Brussels – 8 February 2017

The Single Resolution Board (SRB) finalised the signing of the Loan Facility Agreements (LFAs) with 19 participating Member States of the Banking Union. Through the LFAs, each participating Member States provides a bridge...

Brussels – 28 November 2016

Today, the Single Resolution Board (SRB) publishes its 2017 Work Programme. This Work Programme sets out the strategic goals and objectives of the SRB and of the Single Resolution Mechanism as a whole. Its key focus is on...

Brussels – 6 July 2016

On 30 June 2016, the Single Resolution Board (SRB) collected 6.4 billion euros in contributions to the Single Resolution Fund (SRF). Today, the SRB is pleased to report that it has collected over 10 billion euros in contributions...

Brussels – 13 July 2016

In accordance with the Single Resolution Mechanism Regulation (SRMR), the Single Resolution Board (SRB) is pleased to announce the publication of its first Annual Report. The SRB started in January 2015 with a clear focus on...

Today, the Single Resolution Board (SRB), via the National Resolution Authorities (NRAs) of the Banking Union Member States, starts to collect the data required for resolution planning and the determination of MREL from all banking groups under its direct...

Brussels – 29 April 2016

Today, the Single Resolution Board (SRB) is holding its first conference ever in Brussels where it recently found its definitive premises in Treurenberg. "Charting the course: making bank resolution work", is the title of today’s...

Today, the Single Resolution Board (SRB) held its first Plenary Meeting which was attended by the representatives of all National Resolution Authorities of the Eurozone Member States as well as the Observers of the European Commission and the European...

Council appoints permanent members of the Single Resolution Board and adopts the methodology for banks' contributions to the resolutions funds.

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Today, the Single Resolution Board (SRB) is delighted to report that it will take over full responsibility for bank resolution as planned on 1 January 2016. The number of Member States needed to validly ratify the Intergovernmental Agreement (IGA) on the...