
The Single Resolution Board has today announced that the Single Resolution Fund’s target level remains reached at the end of 2024. “As a result, and unless circumstances change, banks will not need to contribute to the Single Resolution Fund for the coming year,” said SRB Chair Dominique Laboureix...
The SRB aims to achieve greater financial stability for every euro invested in resolution planning – a benefit that will...
- Changes include references to new frameworks and provisions, such as DORA and the EBA Guidelines on improving...
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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.