The Single Resolution Board established an Appeal Panel for the purpose of deciding on appeals submitted in accordance with the Single Resolution Mechanism Regulation (Article 85). The Appeal Panel is composed of five individuals of high repute, from the Member States and with a proven...
The Work Programme 2016 sets forth the SRB’s strategic goals and objectives. It describes the means and strategies that will be employed in order to achieve these goals and objectives. In 2016, the SRB will focus on ensuring resolution readiness, operationalising the Single Resolution Fund (SRF...
Banking Union – ECOFIN endorsement of Public Bridge Financing Arrangement fundamental for credible start of the Single Resolution Mechanism in 2016
The Single Resolution Board (SRB) welcomes the endorsement of the public bridge financing arrangement for the Single Resolution Fund (SRF) at today’s meeting of the Economic and Financial Affairs Council (ECOFIN). The bridge financing arrangement will cover – as a last resort – temporary...
Today, the Single Resolution Board (SRB) is delighted to report that it will take over full responsibility for bank resolution as planned on 1 January 2016. The number of Member States needed to validly ratify the Intergovernmental Agreement (IGA) on the Single Resolution Fund (SRF) was reached...
This year has seen the SRB go through a major transition. The SRB became operational in the area of resolution planning in January 2015 and will assume full responsibility for resolution cases as of January 2016.
The priorities for the SRB in 2015 include capacity building, shaping the...