
SRB in 5 - Tuija Taos as the SRB's newest Board Member talks to us about her first impressions, the resolution planning cycle, gender and diversity and many more issues!
Dominique Laboureix says Single Resolution Board moving to new phase of work on euro zone banks
The head of the euro-area...
- The SRB publishes its second assessment of banks’ resolvability across the Banking Union
- Good progress made to date on...
The rules on bank failure put in place after the financial crisis have ensured resilience and stability in the EU...
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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.