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For the 2018 Liability Data Reporting process, the SRB has finalised the following documents which were published in their draft version on October 31st 2017 on the LDR section of the SRB website:

• Liability Data report Q&A – this document reflects both...

22 December 2017

The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Canada Deposit Insurance Corporation (CDIC) further strengthens the close cooperation between the two organizations in compliance with the legal...

The SRB is currently preparing a non-confidential version of the Valuation Report made by an independent expert and of certain other documents related to the resolution of Banco Popular.

In its recent decisions on cases 38/17 to 43/17, the SRB Appeal...

The Single Resolution Board (SRB), together with the Banking Union national resolution authorities (NRAs) publishes its 2017 policy statement on the minimum requirement for own funds and eligible liabilities (MREL), which serves as a basis for setting con...

On 18 December, the mandate of Ms Elke König, Chair of the Single Resolution Board (SRB) was extended for additional five years as of 23 December 2017. Ms König was appointed Chair of the SRB at the end of 2014 for an initial period of three years. 

Yester...

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14 December 2017

The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Federal Deposit Insurance Corporation (FDIC) further strengthens the close cooperation between the two organizations in compliance...

Brussels – 23 June 2017

Following today’s decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that resolution action...

As of 30 June 2017, the Single Resolution Board (SRB) had collected €6.6 billion from 3,512 institutions in annual contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €17.4 billion.

The SRF pools contributions...

On 29th September 2017, the Single Resolution Board (SRB) held its second annual conference in Brussels. “Building Resolvability Together” brought together international panellists to discuss progress made in establishing banking resolution planning and...

Brussels – 4 December 2017

Today, the Single Resolution Board (SRB) publishes its first multi-annual programming document, including its Work Programme 2018. The SRB sets out an ambitious roadmap for improving the resolvability of the banks under its...

Brussels – 22 August 2017

The Single Resolution Board (SRB) announces the decision of Ms Joanne Kellermann, Board Member and Director of Resolution Planning and Decisions, to leave the SRB.

Ms Joanne Kellermann, Board Member and Director of Resolution...

Today, the Single Resolution Board (SRB) is holding its second conference in Brussels under the theme "Building resolvability together”. The SRB’s focus is on making banks easier to resolve, counting on and fostering...

The Single Resolution Board (SRB) today publishes its 2016 Annual Report. The report takes stock of the progress made in developing resolution plans, establishing the Single Resolution Fund (SRF) and also fostering cooperation within the Banking Union...

Brussels – 7 June 2017

Today, the Single Resolution Board (SRB) has transferred all shares and capital instruments of Banco Popular Español S.A. (Banco Popular) to Banco Santander S.A (Santander). This means that Banco Popular will operate under...

In order to clarify certain information issued by media sources regarding a specific bank, the Single Resolution Board would like to notify the following:

“The mission of the SRB is to ensure an orderly resolution of failing banks with minimum impact on...

Senior officials representing resolution authorities in the United States and Europe on Monday will hold the second in an ongoing series of planned exercises to enhance coordination on cross-border resolution.

The discussion exercise will be held on...

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The Second Single Resolution Board (SRB) Conference, hosted by the Chair of the SRB, Ms Elke König, will take place in Brussels on 29 September 2017.

Please save the date to hear about the work of the SRB and to discuss and share key...

Context

The Single Resolution Board (SRB) is the resolution authority for participating Member States within the Banking Union (BU). It began operating as an independent European Union (EU) agency on 1 January 2015. The SRB assumed its full legal powers...

Brussels – 8 February 2017

The Single Resolution Board (SRB) finalised the signing of the Loan Facility Agreements (LFAs) with 19 participating Member States of the Banking Union. Through the LFAs, each participating Member States provides a bridge...

In preparation for the 2017 Liability Data Template (LDT) data collection process, the SRB has decided to open a window of direct communication with institutions responsible for preparing the 2017 LDT. To facilitate this, the SRB will conduct a technical...

The Single Resolution Board held a Press Conference at its premises in Brussels on 11 January 2017.

The morning unfolded as follows:

• Introduction speech by the Chair of the SRB, Ms Elke König, outlining  2016 achievements and 2017 working priorities 

• A...