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“10 years after the crisis: are banks now resolvable?”
Brussels – 15 October 2018
Today, the Single Resolution Board (SRB) is holding its third conference in Brussels, which will look into whether banks are now resolvable and will consider what...
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...
As of 30 June 2018, the Single Resolution Board (SRB) had collected €7.5 billion from 3,315 institutions in annual ex-ante contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €24.9 billion.
The target size of...
The Single Resolution Board (SRB) announces the decision of Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation to leave the SRB.
Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation, who has...
The SRB welcomes clarifications and guidance provided by the SRB Appeal Panel in its new decisions. The SRB is currently analysing these decisions and assessing the steps that need to be taken to implement them.
On 19 June 2018, the SRB Appeal Panel...
Following any resolution action, the Single Resolution Board (SRB) needs to ensure compliance with the ‘no creditor worse off principle’. In this regard, a so-called ‘Valuation 3’ needs to be performed by an independent person as soon as possible after...
On 26 March 2018, Mr Yves Herinckx resigned as Vice-Chair and Member of the Appeal Panel.
The Chair of the SRB and the Chair of the Appeal Panel thank Mr Herinckx for his valuable contributions and notably his support in the building up phase of the SRB...
“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...