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The SRB today published its 2020 Annual Report detailing the progress made in promoting financial stability while protecting the taxpayer through Europe's banking resolution framework.
In 2020, despite the pandemic, the SRB continued to make progress in...
Updated guidance has been published on 25 October 2021, visit this page for more information.
The SRB has published today its policy on how banks can notify the authorities when bail-in recognition clauses cannot be added to contracts under third-country...
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 SRB has today published a revised approach to the Public Interest Assessment policy (PIA) in resolution planning.
The updated approach takes into account that a bank’s failure may take place not only under an idiosyncratic scenario, but also under...
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...
Today, the Single Resolution Board (SRB) publishes its updated ‘Minimum Requirements for Own Funds and Eligible Liabilities (MREL) Policy under the Banking Package’. The updated policy introduces a number of new elements and refinements, based on the...
The Chair of the Single Resolution Board, Elke König will inform on Friday 21 May 2021 the Eurogroup ministers about ongoing activities of the SRB, focusing on progress regarding resolution planning, resolvability and minimum requirement for own funds and...
Today, the SRB published key considerations on the crisis management and deposit insurance (CMDI) framework review.
- Please read the attached document.
Find here the SRB response to the European Commission targeted consultation on the review of the...
Today, the SRB publishes new guidance on liquidity and funding in resolution. Banks are likely to face liquidity stress in resolution because of the reluctance of market participants to roll-over or provide funding to a bank in crisis. Even after a...
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...
Resolution planning is about being prepared to deal with failing banks in a controlled way, in order to protect taxpayers and keep providing critical functions to the economy while preserving financial stability.
To safeguard the resolution objectives...
The Single Resolution Board responded to the European Commission targeted consultation on the review of the bank crisis management and deposit insurance (CMDI) framework.
About the consultation
In the aftermath of the global financial crisis, the EU...
Today, the SRB publishes a document which describes elements that banks should consider for the operationalisation of the bail-in in respect of international bearer debt securities issued by and safekept in the international central securities...
SRB approach to the eligibility of UK law instruments without bail-in clauses after Brexit
The Single Resolution Board (SRB) has published a communication on its approach to liabilities governed by UK law without a contractual bail-in recognition clause...
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) based...
The SRB has today launched a streamlined consultation process in relation to the 2021 ex-ante contributions to the Single Resolution Fund (SRF).
In particular, institutions have the opportunity to review the SRB’s preliminary Master Decision for the 2021...
The SRB has published an overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to financial market infrastructures (FMIs) services in resolution. It also covers the resolution...
The Single Resolution Board (SRB) has today published its minimum requirement for own funds and eligible liabilities (MREL) dashboard covering the reporting period Q3.2020.
Key findings:
- The average BRRD1 MREL target, in percentage of the total risk...
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...
The Single Resolution Board and the Bank of England continue to work closely together to ensure we have appropriate arrangements in place for effective cooperation on the management of the failure of cross border banks, should the need arise. This is...
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...