The SRB has worked on drafting resolution plans, as detailed in Article 99 (3) of the SRMR:
The following articles can be considered as “related provisions” under Article 99 (3):
- Article 10 on the assessment of resolvability - including the application of measures to remove possible obstacles for resolvability;
- Article 11 on simplified obligations for certain institutions; and
- Article 12 on the determination of the minimum requirement for own funds and eligible liabilities (MREL).
The SRB is now fully operational, with a complete set of resolution powers and responsibilities, following the signature of the Intergovernmental Agreement (IGA) on the transfer and mutualisation of contributions to the Single Resolution Fund, after ratification by the participating Member States.