Plenary members

The Plenary Session is the decision-making body of the SRB that takes strategic decisions and performs the tasks referred to in Article 50 SRMR. 

It is composed of SRB Chair, Vice-Chair, SRB four full-time members and the representatives of the national resolution authorities from participating Member States. The European Commission and the European Central Bank participate to the Plenary session as permanent observers. 

There are 21 appointed representatives of the national resolution authority from each participating Member State.

Meetings and decisions

The Plenary Session usually meets five times per year following a yearly schedule.

In line with Article 50 SRMR, the Plenary Session inter alia takes decisions related to the SRB work programme, sets the SRB multi-annual work programme, its annual budget and establishment plan, decides on the investments, adopts the annual report, the financial rules and exercise, with respect to the staff of the Board, the powers conferred by the Staff Regulations on the Appointing Authority and by the Conditions of Employment of Other Servants of the European. In the event of a resolution, the Plenary Session also decides on the use of the Fund, if the support of the Fund in that specific resolution action is required above the threshold of EUR 5 000 000 000 for which the weighting of liquidity support is 0,5. 

The decisions are in principle taken by a simple majority of its members, unless otherwise provided for in the SRMR.