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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...

The Single Resolution Board and the European Commission have signed a Memorandum of Understanding in order to further strengthen their cooperation. The two authorities share the objectives of ensuring the orderly resolution of failing banks while...

SRB Update on the Banco Popular Español Right To Be Heard Process

In light of the questions received by the SRB via e-mail in relation to Valuation 3 and the ‘right to be heard’ process, the SRB would like to inform you that it is currently assessing the...

The Single Resolution Board (SRB) has published its Introduction to Resolution Planning. This publication describes the Single Resolution Mechanism (SRM) and its work on resolution planning.

A resolution plan comprises a comprehensive description of a...

The SRB has the mandate to ensure resolvability of all the banks under its remit. The SRB expects all banks active in the Banking Union to meet a specific set of resolvability conditions. This position paper, published in November 2018, focuses on six...

As the mandate of the current European Commission and Parliament draws to an end, it is worth reflecting on the progress made, as well as the priorities on the resolution framework for the next EU legislature.

From the perspective of the Single...

Extensive literature exists on the benefits of financial integration and consolidation of banks. From the perspective of the Single Resolution Board, whose mandate focuses on achieving banks’ resolvability, having strong European banks is a natural...

The Single Resolution Board (SRB), together with the Banking Union national resolution authorities (NRAs) publishes its 2018 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting...

The Common Backstop to the Single Resolution Fund was agreed in principle by Member States in 2013 and will enhance the credibility of the resolution framework in the Banking Union. The ESM was agreed as the provider of the Common Backstop by the Euro...

The resolution of banks is a specific insolvency procedure, introduced as an alternative to liquidation under national laws. Under the EU regulatory framework, resolution only applies where resolving a failing bank is in the public interest – be it out of...

A key task of resolution authorities (RA) is to ensure financial stability and continuity of critical services of a failed bank so that it can meet all obligations due after resolution. To achieve this RA have been given a number of tools. However, while...

The Single Resolution Board has held its first Press Conference at its future premises in Brussels on 21 January 2016.

The morning unfolded as follows:

• Introduction speech by the Chair of the SRB, Ms Elke König, outlining our 2016 working priorities...

The Delegation of the European Union to the United States spoke with Elke König, Chair of the Single Resolution Board, on the EU's Single Resolution Mechanism that prevents bank failures from affecting the entire EU economy and...

On 19 June 2019, the SRB’s Appeal Panel rendered decisions in cases 44 to 54/17, 56/17 and 1 and 7/18. The cases relate to requests for access to documents in the aftermath of the resolution of Banco Popular Español, pursuant to Article 90(1) SRMR and...

• See full programme, speakers on the Conference website
• Register for the event 

The SRB has cooperated closely with the EBA with regard to the reporting on resolution as of 2019, in particular for the Liability Data Report (LDR). Version 2.8 of the reporting framework as published by EBA also contains the minimum framework...

“Implementing EDIS would centralise deposit guarantee funds and align the EU and US more closely."

Given the importance of coordination for managing the failure of international banks, the SRB will strive to work with international authorities to make...

Once the Banking Union is completed there is little reason for ring-fencing writes Elke König

The European Commission’s risk reduction package proposes to implement important international provisions in order to reduce risks and achieve further progress...

MREL is a key tool to improve banks’ resolvability and safeguard taxpayers’ money, writes Elke König

As the SRB keeps saying, MREL is a journey. It is a journey with a clear destination – to ensure banks’ resolvability, thereby strengthening financial...

For the 2018 Liability Data Reporting process, the SRB has finalised the following documents which were published in their draft version on October 31st 2017 on the LDR section of the SRB website:

• Liability Data report Q&A – this document reflects both...