Refine
- 110 results found
- (-) Blog post
- (-) Page
Results list
Each year, pursuant to Article 70(2) of the Regulation (EU) No 806/2014, the Single Resolution Board determines the annual ex-ante contributions to be raised from the institutions within its scope. In this section, you can find further information on the...
The European Banking Union still awaits completion, with more work urgently needed to move towards a fully integrated system that delivers better crisis management, depositor protection and a stronger banking sector.
The European Commission has...
Banks need an authorisation under Articles 77 and 78a of Regulation (EU) 575/2013[1] (CRR) to redeem eligible liabilities, as of 27 June 2019. Article 78a(3) of the CRR provides for the development of regulatory technical standards (RTS) to specify...
Making banks resolvable remains the SRB’s key priority [1]. Banks entered the Covid-19 crisis in a much better shape than during the 2008 financial crisis, and were instrumental for financing the economy. However, the pandemic also reminded stakeholders...
There are four sections in the MREL dashboards, which are based on bank data reported to the SRB. The first and second sections illustrate the results concerning MREL targets, eligible liabilities and shortfalls respectively in 2018 and 2019 under the...
Banks are required to include bail-in recognition clauses in relevant contracts under third country law to ensure that the liabilities under these contracts can be bailed in in the event of resolution. However, banks may determine that it is impracticable...
Appeal Panel updates
As from 6 November 2015 until 24 October 2016, the Appeal Panel consisted of : Ms Hélène Vletter- Van-Dort (Chair), Mr Yves Herinckx (Vice-Chair), Mr Kaarlo Jännäri, Mr Marco Lamandini, Mr Christopher Pleister as members of the...
Proceedings contesting SRB decisions
Decisions of the SRB may be challenged before the Appeal Panel of the SRB
Which decisions? The competence of the Appeal Panel is determined by Article 85(3) of the SRM Regulation. Only the decisions of the SRB...
In a severe banking crisis, the question of what to do with impaired assets is often raised. The most straightforward option, of selling the assets at a low price in a fire sale, can trigger an unnecessary destruction of value, with the banking framework...
The public interest assessment is a key safeguard in bank resolution, to protect taxpayers and financial stability. When faced with a failing bank, the SRB considers whether resolution best serves the public interest or whether the bank can go into normal...
The SRB has published new guidance on liquidity and funding in resolution. Banks are likely to face liquidity stress in resolution because of the reluctance of market participants to roll-over or provide funding to a bank in crisis. Even after a...
Resolution planning has come a long way since the financial crisis 2007/08 and is now firmly rooted in the Banking Union’s regulatory framework. Preserving financial stability in all 21 Banking Union Member States and beyond is key[1], and this guides the...
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 preserving financial stability.
To safeguard the resolution objectives...
The SRB published a document which describes elements that banks should consider for the operationalisation of the bail-in in respect of international bearer debt securities issued by and safekept in the international central securities depositories ...
A communication on its approach to liabilities governed by UK law without a contractual bail-in recognition clause as eligible for minimum requirement for own funds and liabilities (MREL).
There is no doubt that 2020 was a milestone year in many people’s lives. At the SRB, 2020 also saw us hit two major milestones from a resolution planning perspective.
The first of these was the introduction of a new resolution planning cycle (RPC)...