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The EU’s resolution authority is investigating how to adjust to the pressure from digital bank runs, which accelerated the failures of U.S. lenders in March.

Dominique Laboureix, the chair of the Single Resolution Board (SRB), which works to prevent and...

• Proposed legislative changes seen as important and pragmatic step forward
• ECB and SRB ready to provide technical input on proposals to ensure consistent and workable framework

The European Central Bank (ECB) and the Single Resolution Board (SRB)...

The Single Resolution Board is pleased to invite media representatives to its annual press breakfast in Brussels, on the 25 April. The event will be in person and online.

The press will have the opportunity to meet the new SRB Chair, Dominique Laboureix...

Malaysia Deposit Insurance Corporation (PIDM) and the Single Resolution Board (SRB), the European Banking Union’s resolution authority, have announced a Cooperation Arrangement (CA) to enhance cross-border communication and cooperation for resolving...

Dominique Laboureix, chair of the European Union’s Single Resolution Board, said he wanted to send a clear message to investors that the regulator would uphold the legal framework for absorbing losses in the case of another bank failure.

• The Swiss decision has led some Credit Suisse AT1 bondholders to consider legal action, and it sparked uncertainty for bondholders around the world.
• “We wanted to tell it very clearly to the investors, to avoid to be misunderstood: we have no choice...

BRUSSELS — The EU shouldn’t ignore financial-market jitters over the health of the banking sector, the head of the European authority for managing bank failures said, as he warned a lack of trust could spiral despite the resilience of the sector.

Bank...

EU plans to bring more mid-sized banks into the resolution framework and tinker with the conditions for a rainy-day fund for bank failures won’t be a “free lunch,” according to the head of the European authority for handling bank failures.

• Read on...

Dans un entretien exclusif à L’Agefi, Dominique Laboureix, président du Conseil de résolution unique (SRB) européen depuis fin novembre, juge que la gestion des crises SVB et Credit Suisse ne remet pas en cause le modèle européen

• Read the article...

The Single Resolution Board (SRB) has reached Cooperation Arrangements with the Australian Prudential Regulation Authority (APRA), the Central Bank of the Argentine Republic – Banco Central de la República Argentina (“BCRA”) and the Reserve Bank of New...

New Single Resolution Board Member Tuija Taos has started her mandate today, with responsibility for resolution planning and decisions.

Ms Taos is the former Director-General of the Finnish national resolution authority, the RVV, and also worked for the...

Single Resolution Board chair adamant Brussels will not take investors in bank debt ‘by surprise’

A senior EU policymaker has pledged not to wrongfoot investors by upending bank creditor hierarchies, after a market uproar at Switzerland’s decision to...

The Single Resolution Board, the European Banking Authority and ECB Banking Supervision welcome the comprehensive set of actions taken yesterday by the Swiss authorities in order to ensure financial stability. The European banking sector is resilient...

In line with our standard approach in previous years, the SRB has launched a consultation on the 2023 preliminary contributions to the Single Resolution Fund (SRF). The SRF is an emergency fund to support bank resolution and is being built up over eight...

Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard for Q3.2022.

Key findings:

• For resolution entities, the average MREL final target (including the CBR), to be...

 The SRB will hold its second legal conference on Thursday, 27 April 2023.

The virtual conference will be organised around a number of expert panels made up of senior legal practitioners in the field, distinguished judges and globally eminent academics...

"Today, I take up my new role as Chair of the Single Resolution Board, the organisation charged with planning for and managing bank failure in the Banking Union..." 

Read more of new SRB Chair Dominique Laboureix's first blog post here.

The Single Resolution Board and the European Central Bank have revised their Memorandum of Understanding in order to further enhance cooperation and information exchange.

The SRB Chair, Elke König, and the Chair and Vice-Chair of the ECB Supervisory...

The Single Resolution Board is planning to award a Multiple Framework Service Contract with reopening of competition for the provision of advice and assistance on economic and financial valuation services.

The maximum budget is EUR 60.000.000 for up to 4...

• Dominique Laboureix to succeed Elke König as the second Chair of the SRB in January 2023
• Tuija Taos to succeed Board Member Boštjan Jazbec in March 2023

The SRB’s next Chair was officially appointed by the Council of the EU in Brussels on Friday, 25...

The SRB publishes today its 2023 Annual Work Programme, setting out its objectives and priorities for the year ahead. It is the final year of the Multi-Annual Programme (MAP) for 2021-2023. The SRB is committed to ensuring banks make themselves fully...

On 19 September 2022, the Single Resolution Board (SRB) held its seventh annual conference under the title European banks: resolvable and ready for crisis? 

The day’s discussions focused on the steps needed to take bank resolvability to the next step —...

This note is aimed at reporting to the Eurogroup of 7 November 2022 on:

1. resolvability progress of SRB banks;
2. the build-up of the Single Resolution Fund (SRF); and
3. lessons learned from recent cases, for the benefit of the upcoming crisis management...

Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard for Q2.2022. The expanded dashboard now provides more transparency by category of bank and resolution strategy.

“Our...