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Banks may engage in mergers and acquisitions (M&As) or other corporate transactions in order to enhance their business outlooks and viability in the longer term. Individual business decisions drive these transactions and, in the case of M&As, they...
*All figures and documents available in this section reflect the situation as of the day the Master Decision on the calculation of the 2021 ex-ante contributions (decision SRB/ES/2021/22 of 14 April 2021) was adopted.
Each year, pursuant to Article 70(2)...
The Single Resolution Board publishes its operational guidance to banks on the implementation of the bail-in tool.
These documents include updated guidance as of June 2022 on bail-in playbooks, bail-in data set instructions and an explanatory note on...
The Single Resolution Board (SRB) has published operational guidance on operational continuity in resolution (OCIR) and on FMI contingency plans. This follows the publication, following consultation, of the SRB Expectations for Banks document, which sets...
The Single Resolution Board (SRB) plans for and manages bank failures in such a way that the public interest is safeguarded. The bank resolution framework was put in place for banks whose collapse might shake other parts of the economy. In these cases...
Over the past few months, there has been an understandable focus on dealing with the effects of the Covid-19 outbreak on our economies. However, we should not forget some of the other challenges facing the European financial sector, among them the fact...
Both because of its global scale and dramatic social and economic impact and because continued uncertainty regarding its ultimate scope and consequences, the crisis resulting from the Covid-19 pandemic is an unprecedented challenge being faced by global...
The economic shock of the Covid-19 outbreak has put the financial industry again in the spotlight – this time as vital players in mitigating the effects of the crisis, supported by national and European authorities. While the European banking sector...
2020 SRF levies (ex-ante contributions)*
*All figures and documents available in this section reflect the situation as of the day the Master Decision on the calculation of the 2020 ex-ante contributions (decision 2020/SRB/ES/24 of 15 April 2020) was...
Under the Withdrawal Agreement agreed between the UK and the EU27, there will be a Transition Period until the end of December 2020. During that period, EU law continues to apply to the UK.
The SRB has long been engaging with the banks under its remit to...
The COVID-19 outbreak has left us in uncharted waters, with the ultimate effects on the global economy and the banking industry still unknown. However, the resolution framework put in place after the financial crisis means we have a steadier hand on the...
In this blog, I would like to provide additional clarity on the SRB’s approach to minimum requirements for own funds and eligible liabilities (MREL), taking the impact of the COVID-19 crisis into account.
First of all, the banking industry has made...
The ‘Expectations for Banks’ document sets out the capabilities the SRB expects banks to demonstrate to show that they are resolvable. It describes best practice and sets benchmarks for assessing resolvability. It also provides clarity to the market on...
With this blog post, I will explain the SRB’s approach to the uncertainty and disruption caused to the Euro Area economy by the COVID-19 outbreak.
The world is facing an extraordinary challenge. The pandemic is having a severe effect on people’s health...
On 15 August 2019, following the European Central Bank’s assessment of AS PNB Banka as failing or likely to fail, the Single Resolution Board decided that resolution action was not necessary, as it was not in the public interest. AS PNB Banka is currently...
At the height of the financial crisis, a survey showed that most young adults would rather go to the dentist than listen to a banker. That’s a painful finding on various levels. Arguably the financial sector lost the trust of the general public during the...
Welcome to our new blogging series!
Look out for our next SRB Insights in 2020, we will invite authors from other EU institutions but also from the industry and academia to blog on our latest online platform. Different voices, different opinions, all...
Internal security incident investigations
SRB Data Protection General Notice informing on the possible restrictions in the area of internal security incident investigations
The purpose of the present processing operation is to send information on data...
Resolution Reporting QnA process
The SRB has set up a dedicated solution for raising questions on the Resolution Reporting.
The QnA process aims at providing support to National Resolution Authorities and institutions subject to the resolution reporting...
1. Data Protection legal framework applicable to the Single Resolution Board (SRB)
All personal data are processed in line with EU Data Protection Law.[1]
2. The SRB as controller of processing personal data
The SRB is the controller for processing...
Personal data is any information relating to an identified or identifiable individual, such as name, date of birth, ID number, email address, telephone number, profession, signature, photograph of a person’s face, medical records, bank accounts, etc.
The...
Archives on the SRB Resolution reporting aim at facilitating resubmissions of data related to previous data collection cycles.
The Public Interest Assessment is one of the key policies underpinning the work of the SRB. It examines whether the resolution of a particular bank that is failing or likely to fail would be necessary, for example to ensure one or more of the following...