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Each year's procurement plan can be found in the annex of the Work Programme.
Each year, the SRB produces a Work programme, detailing the organisation's policy aims and goals for the upcoming year.
The latest document published in 2021, presents a multi-annual work programme which sets out a roadmap with a clear focus on...
Como se había anunciado, la JUR abre la segunda fase del proceso de derecho de audiencia. Los antiguos accionistas y acreedores de BPE afectados por las acciones de resolución y que hayan sido considerados elegibles en la fase de registro podrán enviar...
On 16 October 2018 the Appeal Panel rendered its decision on a case in which a decision taken by the SRB on the determination of MREL at consolidated level for a banking group had been contested.
In the case, the Appeal Panel noted that the adopted...
Target level and amount to be collected
- The 2019 target level was based on 1.15% of the average amount of covered deposits in 2018 (calculated quarterly) of all credit institutions authorized in the euro area;
- The growth of covered deposits...
The Chair of the SRB, Elke König presents the Annual Report at the European Parliament’s Committee on Economic and Monetary Affairs in Brussels each year.
The comprehensive report takes stock of the work, and the progress made, in the previous year.
La JUR publica hoy la versión no confidencial del informe de “valoración 3” sobre Banco Popular Español (BPE), así como el acto preparatorio (Comunicación de la JUR) en el que toma la decisión preliminar por la cual estima no conceder compensación a...
Sobre el derecho de audiencia
Fase I: Periodo de registro - 06 agosto de 2018 – 14 septiembre de 2018 (12:00 del mediodía, hora local de Bruselas)
Fase II: Presentación de comentarios por escrito - 06 noviembre 2018 – 26 noviembre 2018 (12:00 del mediodía...
About the right to be heard
Phase I: Registration period 06 August 2018 – 14 September 2018 (12:00 noon, Brussels time)
Phase II: Submission of written comments 06 November 2018 – 26 November 2018 (12:00 noon, Brussels time)
Phase I: Registration period - 06 August 2018 – 14 September 2018 (12:00 noon, Brussels time)
Phase II: Submission of written comments - Details of this phase will be communicated after Phase I has been finalised
T...
Target level and amount to be collected
- The 2018 target level was based on 1.15% of the average amount of covered deposits in 2017 (calculated quarterly) of all credit institutions authorised in the euro area;
- The total amount of 2018 ex-ante...
Critical Functions
Critical functions play an important role in the real economy and/or in the financial system. They are not only important for the institutions providing the services, but also for the broader economy of a particular region or Member...
Following the decision by the European Central Bank to declare ABLV Bank, AS and its subsidiary ABLV Bank Luxembourg S.A. as ‘failing or likely to fail’, the Single Resolution Board (SRB) has decided that resolution action is not necessary as it is not in...
The entities and groups that currently fall under the direct responsibility of the SRB are the following:
- The entities and groups directly supervised by the European Central Bank; and
- Other cross-border groups.
As of 1 May 2021, there were...
According to Article 29 of SRB Financial Regulation 2020 (SRB/PS/2020/05):
1. The Board’s budget shall be established and implemented and the accounts presented in accordance with the principle of transparency.
2. A summary of the budget and any...
Although the SRB is an independent EU agency, it is not publicly funded. Instead, banks operating across the Banking Union must pay an annual levy towards the running costs of the SRB.
On 8 January 2018, a regulation on the final system of...
The Single Resolution Mechanism is made up of the Single Resolution Board and the National Resolution Authorities in Eurozone countries, Bulgaria and Croatia. It protects financial stability and the taxpayer by planning for and managing bank failures. The...
Minimum Requirement for own funds and Eligible Liabilities (MREL)
The BRRD, which has been transposed in all participating Member States in the Banking Union, requires banks to meet MREL targets so as to be able to absorb losses and restore their...
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 referred...
On 23 June 2017, following the decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. ‘failing or likely to fail’, the Single Resolution Board decided that resolution action is not warranted for...