News and media: search results

Senior officials from EU and national resolution, regulatory and supervisory authorities will hold a planned coordination exercise on 9 & 10 December 2019, as part of ongoing efforts to strengthen crisis preparedness.

The Single Resolution Board (SRB)...

The Single Resolution Board (SRB) takes note of yesterday’s judgments of the General Court of the European Union annulling the SRB’s decisions on the 2016 ex-ante contributions of Banco Cooperativo Español, Portigon, and Hypo Vorarlberg Bank to the Single...

The Chair of the Single Resolution Board (SRB), Elke König today presents the SRB’s 2017 Annual Report at the European Parliament’s Committee on Economic and Monetary Affairs in Brussels. 

The report takes stock of the work and the progress made in 2017...

The Single Resolution Board (SRB) today launches its first public consultation on its ‘Expectations for Banks’ document, which outlines best practice on key aspects of resolvability. The consultation is part of the SRB’s commitment to listening to the...

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...

The Single Resolution Board (SRB) has today published its 2020 Work Programme, setting out its priorities and core tasks for the year ahead. 2020 is the final year of the SRB’s 2018-2020 multiannual work programme and will mark the fifth anniversary of...

The Single Resolution Board (SRB) congratulates Dominique Laboureix for his appointment as Secretary-General of the French national supervisory and resolution authority, l’Autorité de Contrôle Prudentiel et de Résolution (ACPR). He will move to the ACPR...

Today, the Single Resolution Board (SRB) is holding its fourth conference in Brussels. The annual event brings together industry, public authorities and key stakeholders in bank resolution to assess progress and priorities for action.

The theme this...

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...

Following the European Central Bank’s assessment of AS PNB Banka as failing or likely to fail, the Single Resolution Board has today decided that resolution action is not necessary. The Latvian bank will be wound up under national law.

The SRB assessed...

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...

The Single Resolution Board (SRB) today announced that the Single Resolution Fund (SRF) received a cash injection of €7.8 billion from 3,186 institutions for the year 2019. This brings the total amount in the SRF to just under €33 billion. The target size...

Brussels – 03 07 2019

The Single Resolution Board (SRB) has today published a paper outlining its approach to an important element of the resolution framework, the Public Interest Assessment (PIA).

The PIA examines whether the resolution of a particular...

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...

‘Complete resolution plans for all banking groups under SRB remit by 2020,' says Elke König 

Brussels – 01 07 2019

The SRB today published its 2018 Annual Report, which gives an overview of its work and highlights achievements and progress. 

Work on...

The Single Resolution Board has today published an update to its policy on minimum requirement for own funds and eligible liabilities (MREL) in light of the publication of the Banking Package in the Official Journal of the EU on 7 June 2019.

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...

The Single Resolution Board (SRB) announces the appointment of Mr Sebastiano Laviola as Member of the Board and Director of Resolution Strategy and Cooperation. He will take up his duties on 1 May, 2019.

Mr Laviola, an Italian national, is a Central...

Senior officials representing resolution, regulatory and supervisory authorities, central banks, and finance ministries in the United States, the United Kingdom, and the European Banking Union will hold a meeting on Saturday, April 13, as part of a series...

Brussels – 27 03 2019

The European Commission, in consultation with the Single Resolution Board (SRB), has launched the process to select and appoint three new Board Members.

The terms of office for the Board Members appointed in 2014, which are not...

In accordance with the Single Resolution Mechanism Regulation, the entities and groups (142 as of 1 June 2016) which currently fall under the direct responsibility of the SRB are the following:

(1) the entities and groups directly supervised by the...

Brussels – 19 February 2019

The Single Resolution Board (SRB) has today published its Framework for Valuation.

The objective of this Framework for Valuation is to provide independent valuers and the general public with an indication of the SRB’s...

The Nordic and Baltic financial stability authorities have conducted a joint financial crisis management exercise. The exercise was held from 22 to 23 January 2019 and involved 31 authorities from Denmark, Estonia, Finland, Iceland, Latvia, Lithuania...

Brussels – 16/01/2019

The Single Resolution Board (SRB) has today published the second part of its 2018 policy on the minimum requirement for own funds and eligible liabilities (MREL) pertaining to the second wave of resolution plans; i.e. the plans...