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The SRB publishes today its MREL dashboard for Q1.2023. The MREL dashboard presents the evolution of MREL targets and shortfalls for resolution (external MREL) and non-resolution entities (internal MREL) as well as the level and composition of resources...

The SRB today published its Annual Report for 2022. The report details the work of Europe’s Single Resolution Board and highlights the progress made in making Europe’s banking sector more stable, by ensuring all of the SRB’s banks make themselves...

• New guidance builds on previously issued “Expectations for banks”
• Targets banks’ capacity to measure and report liquidity in resolution

Today. 16 June, the SRB published new guidance on liquidity in resolution data for 115 of Europe’s largest banks[...

The SRB has published its Resolution Planning Cycle Booklet for 2023.

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...

This note is aimed at reporting to the Eurogroup of 15 May 2023 on:

1. resolvability progress of SRB banks;
2. the Single Resolution Fund (SRF) and Common Backstop; and
3. the SRB's strategic review

This reporting takes place twice a year, in parallel with...

MREL policy

The SRB has decided to maintain its policy on the calibration of MREL (total and subordinated component) with minimal changes this year. “We aim to provide a stable regulatory environment in a phase where some banks are still building up...

• No impact on ongoing requests and permissions already granted by the SRB.
• The Delegated Regulation mirrors the EBA draft RTS, except for the procedure for institutions with minimum requirement for own funds and eligible liabilities (MREL) equal to the...

• 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...

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...

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 —...