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The Treaty of Rome, signed in 1957, established the single market and outlined a roadmap towards full freedom of movement of capital. Since then, the completion of this roadmap has been a multigenerational effort that continues to this day.
After almost...
The European Central Bank and the Single Resolution Board have signed a Memorandum of Understanding (MoU) on the exchange of certain types of confidential statistical information, in order to improve analysis related to bank resolution.
The MoU is an...
The SRB publishes today its MREL dashboard for Q1.2023. The MREL dashboard presents the evolution of MREL targets and shortfalls for resolution (external MREL) and non-resolution entities (internal MREL) as well as the level and composition of resources...
Our fourth podcast episode features SRB Chair Dominique Laboureix, who talks to host Susan Carroll about his first months in the role, lessons learned from the recent banking crises and his tips for medieval architecture gems to visit in Belgium.
Laboureix disputes Swiss claim that G-Sibs are not resolvable, but wants improvements to framework
When banks fail, the outcome is inevitably messy. The post-2008 regulatory framework for resolving banks was designed stop a failure turning into a...
- 2023 marks end of ‘build-up’ phase of SRF
- Emergency fund, paid for by banks, can help resolve a failing bank
- Every bank, big or small, operating across the 21-country Banking Union pays contribution to this key instrument for financial stability
Tod...
The SRB today published its Annual Report for 2022. The report details the work of Europe’s Single Resolution Board and highlights the progress made in making Europe’s banking sector more stable, by ensuring all of the SRB’s banks make themselves...
Europe’s bank resolution authority is pushing policymakers to provide more “firepower” to protect depositors and rethink how lenders are wound down after recent failures underscored the need for swift and decisive action in a crisis.
Silicon Valley Bank...
- New guidance builds on previously issued “Expectations for banks”
- Targets banks’ capacity to measure and report liquidity in resolution
Today. 16 June, the SRB published new guidance on liquidity in resolution data for 115 of Europe’s largest banks[...
Politicians are afraid that "their" banks will pay for failing banks in other countries if there were a European deposit guarantee scheme.But through the Single...
The SRB has published its Resolution Planning Cycle Booklet for 2023.
Resolution planning is about being prepared to deal with failing banks in a controlled way, in order to protect taxpayers and keep providing critical functions to the economy while...
This note is aimed at reporting to the Eurogroup of 15 May 2023 on:
- resolvability progress of SRB banks;
- the Single Resolution Fund (SRF) and Common Backstop; and
- the SRB's strategic review
This reporting takes place twice a year, in parallel with...
MREL policy
The SRB has decided to maintain its policy on the calibration of MREL (total and subordinated component) with minimal changes this year. “We aim to provide a stable regulatory environment in a phase where some banks are still building up...
- No impact on ongoing requests and permissions already granted by the SRB.
- The Delegated Regulation mirrors the EBA draft RTS, except for the procedure for institutions with minimum requirement for own funds and eligible liabilities (MREL) equal to the...
The European crisis management framework is a strong, flexible framework that is well-designed to manage bank failure. However, work remains to be done to enhance the framework. I will focus on two key issues: ensuring we have the options needed to manage...
The EU’s resolution authority is investigating how to adjust to the pressure from digital bank runs, which accelerated the failures of U.S. lenders in March.
Dominique Laboureix, the chair of the Single Resolution Board (SRB), which works to prevent and...