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We ended 2020 with agreement on another important step on the road to the Banking Union.
The Eurogroup (in inclusive format) agreed to move forward with the reform of the European Stability Mechanism and to establish the common backstop to the Single...
New Year isn’t the only time that we, at the SRB, think about resolutions. Our focus is always on making banks resolvable so that we can promote financial stability and protect the taxpayer. However, as we head into a new year that I hope will be brighter...
Banks under the SRB’s remit are asked to use a checklist when preparing the Additional Liability Report (ALR) and complete a sign-off form before submission, in order to provide additional assurance on liabilities reported as eligible for MREL.
The ch...
Andrea Enria’s recent comments in the Financial Times fanned the embers of the idea of a pan-European Asset Management Company, more commonly referred to as a European bad bank. Mr Enria promoted the idea as a possible tool for strengthening financial...
This year marked the fifth anniversary of the Single Resolution Board (SRB) taking on its full powers within the Single Resolution Mechanism. During these five years, the Banking Union established a credible bank resolution regime and the SRB has become...
3 February 2021
2nd SRB-EBI conference on bank resolution
The Single Resolution Board (SRB) and the European Banking Institute (EBI) are delighted to invite you to the second SRB-EBI conference on bank resolution.
The following...
The Eurogroup’s agreement to introduce the common backstop to the Single Resolution Fund (SRF) early is something we very much welcome at the SRB. This is an important step towards completing the Banking Union, and will enhance confidence in the bank...
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.
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