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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 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...
The SRB premises are open in line with the Belgian government's guidelines for social distancing and hygiene measures. Staff members are combining work in the office and teleworking on a weekly shift basis. No external visitors or meetings will be held in...
Registration for the 2020 SRB Conference are open. Catch up with the agenda and speakers and register now.
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...
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 Det’ to ensure that a minimum level of data is available to support a robust...
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...
A centralized liquidation regime in the EU would address the current gap in the framework for medium-sized banks
This year marks the SRB’s fifth anniversary – an appropriate time to reflect on how the crisis management framework has worked so far and...
Trust among authorities is the main driver to overcome ring-fencing attempts
Resolution strategies for banking groups with subsidiaries in several countries can follow either a single point of entry (SPE) or a multiple point of entry (MPE) approach. For...
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 for...
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...
Letter from SRB Chair Elke König to banks under the SRB's remit, outlining potential operational relief measures related to the COVID-19 outbreak.
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...
Following European Commission and Belgian government decisions, SRB staff is teleworking as from Monday, March 16 until further notice. The SRB continues to monitor the situation and remains fully operational. Staff remain contactable via email or phone.
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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...
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...
Single Resolution Board and Japan’s Financial Services Agency exchange letters enhancing cooperation
The Single Resolution Board (SRB) and Japan’s Financial Services Agency (FSA) have agreed to cooperate on resolution planning for banks, through an exchange of letters. The letters were signed on 11 October 2019 in Tokyo at the EU-Japan Joint Financial...
The Single Resolution Board (SRB) is moving into the final phase of the right to be heard process regarding its preliminary decision whether to compensate the shareholders and creditors affected by the resolution actions concerning Banco Popular Español S...