Banking Union – Single Resolution Board fully operational as of 1 January 2016

Today, the Single Resolution Board (SRB) is delighted to report that it will take over full responsibility for bank resolution as planned on 1 January 2016. The number of Member States needed to validly ratify the Intergovernmental Agreement (IGA) on the Single Resolution Fund (SRF) was reached in due time for the SRB to be fully operational as of the beginning of next year.