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The guidance, published after extensive public consultation, provides details on an updated valuation data framework.
Banks are expected to have a high-quality dataset available, to facilitate valuation in the case of failure, boosting crisis readiness.
The SRB today publishes its Expectations on...
The Single Resolution Board takes note of the Court of Justice’s dismissal of the appeal brought by ABLV in case C-602...
The SRB recently published two important documents clarifying its expectations of banks regarding operational...
Consultations
Public consultation on the Operational Guidance on Banks’ Communication
Timely and accurate communication is essential when resolution actions are taken towards banks that are failing or likely to fail. Alongside the communication actions from public authorities, banks are expected to deploy communication strategies for timely, robust and consistent communication to...
Latest speeches
About the Single Resolution Board
The Single Resolution Board (SRB) is the central resolution authority within the Banking Union. Together with the National Resolution Authorities of participating Member State, it forms the Single Resolution Mechanism.
The SRB tries to ensure an orderly resolution of failing banks with minimum impact on the real economy, the financial system, and the public finances of the participating MS and beyond.
The role of the SRB is proactive: rather than waiting for resolution cases to manage, the SRB focuses on resolution planning and enhancing resolvability, to avoid the potential negavite impacts of a bank failure on the economy and financial stability.
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Procurement
The SRB buys services and supplies through public procurement calls, in line with EU legislation and the basic principles of transparency, equal treatment and non-discrimination, widest competition, proportionality and sound financial management.
- Notification to all parties interested in participating in SRB tendering procedures
- Data protection notice
- SRB Financial Regulation 2020
- Title VII of the general Financial Regulation (Regulation (EU, Euratom) No 2018/1046 and its Annex 1 shall apply, subject to Article 84 of the SRB Financial Regulation 2020.