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On 14 October, the Single Resolution Board brought together industry, public authorities and key stakeholders to discuss how bank resolution delivers for financial stability. The key topics were the evolution of the resolution framework, how to achieve a...
Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard covering the reporting period Q1.2021.
Key findings:
- In percentage of the total risk exposure amount (TREA)...
Today, the Single Resolution Board (SRB) announced the amount of contributions made by banks to the Single Resolution Fund (SRF) for 2021. All banks in the Banking Union and some investment firms are required by law to pay annual levies into an...
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...
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 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...
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...
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...
The SRB has updated its approach to the prior permission regime for early calling, redeeming, repaying or repurchasing of eligible liabilities instruments by banks, ahead of upcoming key regulatory changes.
On 28 December 2020, the application of SRMR2...
The Single Resolution Board has published today its standardised data set to ensure that the minimum needed data is available to support a robust valuation for bank resolution.
The SRB approach to valuation relies on banks’ ability to provide accurate...
The Single Resolution Board (SRB) has today published an MREL dashboard which will be followed by regular quarterly reports.
The dashboard is designed to give a comprehensive overview of the Minimum Requirement for Own Funds and Eligible Liabilities...
The Single Resolution Board today publishes a paper outlining its expectations for how banks engaging in mergers and acquisitions (M&As) can ensure resolvability. Such transactions, in addition to prudential and competition law implications, are highly...
The Single Resolution Board has today published its 2021-2023 Multi-Annual Programme, including its Work Programme 2021. The SRB sets out a roadmap with a clear focus on achieving resolvability and a robust bank resolution of the banks under its remit...
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 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 Set’ to ensure that a minimum level of data is available to support a robust...
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...
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...