SRB opens public consultation on resolvability self-assessment

The SRB has today opened a consultation on the operational guidance for banks on resolvability self-assessment. The consultation is part of the SRM Vision 2028 strategy to ensure that European banks are equipped for the future and crisis-ready, based on a revised methodology encompassing lessons learnt from crisis cases, best practice and the testing of banks’ capabilities. 

The consultation will run from 3 December 2024 to 7 February 2025.

“Our updated approach focuses on banks conducting resolvability self-assessments and regularly testing their capabilities, in order to ensure that they are resolvable and ready to tackle different types of risks and crises,” said SRB Chair Dominique Laboureix.

In particular, the consultation focuses on a self-assessment template that banks are expected to complete each year, providing more clarity on how resolvability is assessed, fostering consistency and a level playing field across the sector. It also provides an opportunity to offer views on other important elements of the resolvability assessment methodology deriving from existing SRB policies and operational guidance

The SRB will meet the banking industry and relevant stakeholders to address potential questions before the consultation is closed.

Upcoming consultations 

In the coming months, the SRB will further clarify its expectations in selected areas of the Expectations for Banks, notably as regards resolvability testing, liquidity and funding in resolution, OCIR, valuation, communication, MIS for bail-in execution, separability and business reorganisation post-bail-in. Please see the list of consultations and requests to the industry for 2025.

Operational guidance documents introducing significant changes for the industry will be open for public consultation. This includes the operational guidance on testing, which will outline the multi-annual testing program over a three-year period spanning from 2026 to 2028, as well as the additional guidance on valuation. The changes to the other guidance documents are, as far as possible, already incorporated into the resolvability assessment methodology currently under consultation. 

Public consultation on the operational guidance for banks on resolvability self-assessment

Operational guidance for banks on resolvability self-assessment for consultation

PDF | 982.57 KB | Publishing date: 03/12/2024 | Decision date: 03/12/2024

Operational guidance for banks on resolvability self-assessment for consultation