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The European Banking Union still awaits completion, with more work urgently needed to move towards a fully integrated system that delivers better crisis management, depositor protection and a stronger banking sector.

The European Commission has...

Making banks resolvable remains the SRB’s key priority [1]. Banks entered the Covid-19 crisis in a much better shape than during the 2008 financial crisis, and were instrumental for financing the economy. However, the pandemic also reminded stakeholders...

In a severe banking crisis, the question of what to do with impaired assets is often raised. The most straightforward option, of selling the assets at a low price in a fire sale, can trigger an unnecessary destruction of value, with the banking framework...

The public interest assessment is a key safeguard in bank resolution, to protect taxpayers and financial stability. When faced with a failing bank, the SRB considers whether resolution best serves the public interest or whether the bank can go into normal...

Resolution planning has come a long way since the financial crisis 2007/08 and is now firmly rooted in the Banking Union’s regulatory framework. Preserving financial stability in all 21 Banking Union Member States and beyond is key[1], and this guides the...

There is no doubt that 2020 was a milestone year in many people’s lives. At the SRB, 2020 also saw us hit two major milestones from a resolution planning perspective.

The first of these was the introduction of a new resolution planning cycle (RPC)...

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...