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The Single Resolution Board today brings together industry, public authorities and key stakeholders to discuss progress and challenges for bank resolution. The key topics will be the impact of the Covid-19 pandemic on the industry and resolvability...

The Single Resolution Board takes note of the judgments of the General Court of the European Union annulling the SRB’s decisions on the 2017 ex-ante contributions of Landesbank Baden-Württemberg, Hypo Vorarlberg Bank and Portigon to the Single Resolution...

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 has today published a new set of documents to give operational guidance to banks on the implementation of the bail-in tool.

The documents include guidance on bail-in playbooks and instructions for bail-in data sets, which are...

The Single Resolution Board today announced that the Single Resolution Fund received an increase of €9 billion from 3,066 institutions for the year 2020. This brings the total amount in the SRF to approximately €42 billion.

“The Fund is being steadily...

Bulgaria and Croatia will join the Single Resolution Mechanism, following the decisions by the European Central Bank to establish close cooperation with the Bulgarian National Bank (Българска народна банка) and Croatian National Bank (Hrvatska narodna...

The SRB today published its 2019 Annual Report detailing the progress made in promoting financial stability while protecting the taxpayer through Europe's banking resolution framework.

In 2019, the SRB further strengthened and updated the resolution plans...

Today, the Single Resolution Board (SRB) publishes its final ‘Minimum Requirements for Own Funds and Eligible Liabilities (MREL) Policy under the Banking Package’, along with an overview of the SRB responses to the industry consultation. The consultation ...

New consultation covers minimum data needed for valuation of bank in resolution

The Single Resolution Board (SRB) today launches a public consultation on its ‘standardised Data Det’ to ensure that a minimum level of data is available to support a robust...

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...

The Single Resolution Board (SRB) today publishes its final ‘Expectations for Banks’ document, along with an overview of SRB responses to the industry consultation. The consultation took place between 23 October and 4 December 2019.

The ‘Expectations for...

The Single Resolution Board (SRB) has decided that no compensation is due to shareholders and creditors affected by the resolution of Banco Popular Español, S.A. (BPE). It concluded that they would not have been better off under normal insolvency...

The Single Resolution Board (SRB) today launches a public consultation on a number of substantial changes to its policy on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). These changes bring the policy in line with the amendments...

The Single Resolution Board (SRB) is pleased to announce the appointment of Jan Reinder De Carpentier as Vice-Chair and Pedro Machado and Jesús Saurina as Members of the Board and Directors of Resolution Planning and Decisions. They will take up their...

The Single Resolution Board (SRB) and Japan’s Financial Services Agency (FSA) have agreed to cooperate on resolution planning for banks, through an exchange of letters. The letters were signed on 11 October 2019 in Tokyo at the EU-Japan Joint Financial...

The Single Resolution Board (SRB) is moving into the final phase of the right to be heard process regarding its preliminary decision whether to compensate the shareholders and creditors affected by the resolution actions concerning Banco Popular Español S...

The EU’s banking resolution authority, the Single Resolution Board (SRB), has today outlined what it expects will happen after the UK formally leaves the EU.

Under the Withdrawal Agreement agreed between the UK and the EU27, there will be a Transition...

The Single Resolution Board’s procedure to assess applications to reduce eligible liabilities instruments under Article 78a of the Capital Requirements Regulation will remain in place until the relevant European Banking Authority’s Regulatory Technical...

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)...