The ‘Expectations for Banks’ document sets out the capabilities the SRB expects banks to demonstrate to show that they are resolvable. It describes best practice and sets benchmarks for assessing resolvability. It also provides clarity to the market on the actions that the SRB expects banks to take in order to demonstrate resolvability.
The Single Resolution Board (SRB) published its ‘Expectations for Banks’ document, along with an overview of SRB responses to the industry consultation, on 1 April 2020. The consultation took place between 23 October and 4 December 2019.
The ‘Expectations for Banks’ will be phased in gradually. Banks are expected to have built up their capabilities on all aspects by the end of 2023, except where indicated otherwise. Where needed and on a bilateral basis, the SRB and banks may agree alternative phase-in dates. The Expectations are tailored to each individual bank and its resolution strategy through their annual work programmes, allowing for flexibility and proportionality.
Expectations for banks
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