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Laboureix disputes Swiss claim that G-Sibs are not resolvable, but wants improvements to framework
When banks fail, the outcome is inevitably messy. The post-2008 regulatory framework for resolving banks was designed stop a failure turning into a...
- 2023 marks end of ‘build-up’ phase of SRF
- Emergency fund, paid for by banks, can help resolve a failing bank
- Every bank, big or small, operating across the 21-country Banking Union pays contribution to this key instrument for financial stability
Today, the...
The SRB today published its Annual Report for 2022. The report details the work of Europe’s Single Resolution Board and highlights the progress made in making Europe’s banking sector more stable, by ensuring all of the SRB’s banks make themselves...
Europe’s bank resolution authority is pushing policymakers to provide more “firepower” to protect depositors and rethink how lenders are wound down after recent failures underscored the need for swift and decisive action in a crisis.
Silicon Valley Bank...
- New guidance builds on previously issued “Expectations for banks”
- Targets banks’ capacity to measure and report liquidity in resolution
Today. 16 June, the SRB published new guidance on liquidity in resolution data for 115 of Europe’s largest banks[...
Dominique Laboureix: We don't want taxpayers to be hit if things go wrong somewhere.
Politicians are afraid that "their" banks will pay for failing banks in other countries if there were a European deposit guarantee scheme.But through the Single...
The SRB has published its Resolution Planning Cycle Booklet for 2023.
Resolution planning is about being prepared to deal with failing banks in a controlled way, in order to protect taxpayers and keep providing critical functions to the economy while...
This note is aimed at reporting to the Eurogroup of 15 May 2023 on:
- resolvability progress of SRB banks;
- the Single Resolution Fund (SRF) and Common Backstop; and
- the SRB's strategic review
This reporting takes place twice a year, in parallel with...
MREL policy
The SRB has decided to maintain its policy on the calibration of MREL (total and subordinated component) with minimal changes this year. “We aim to provide a stable regulatory environment in a phase where some banks are still building up...
- No impact on ongoing requests and permissions already granted by the SRB.
- The Delegated Regulation mirrors the EBA draft RTS, except for the procedure for institutions with minimum requirement for own funds and eligible liabilities (MREL) equal to the...
The European crisis management framework is a strong, flexible framework that is well-designed to manage bank failure. However, work remains to be done to enhance the framework. I will focus on two key issues: ensuring we have the options needed to manage...
The EU’s resolution authority is investigating how to adjust to the pressure from digital bank runs, which accelerated the failures of U.S. lenders in March.
Dominique Laboureix, the chair of the Single Resolution Board (SRB), which works to prevent and...
- Proposed legislative changes seen as important and pragmatic step forward
- ECB and SRB ready to provide technical input on proposals to ensure consistent and workable framework
The European Central Bank (ECB) and the Single Resolution Board (SRB)...
The Single Resolution Board is pleased to invite media representatives to its annual press breakfast in Brussels, on the 25 April. The event will be in person and online.
The press will have the opportunity to meet the new SRB Chair, Dominique Laboureix...
Malaysia Deposit Insurance Corporation (PIDM) and the Single Resolution Board (SRB), the European Banking Union’s resolution authority, have announced a Cooperation Arrangement (CA) to enhance cross-border communication and cooperation for resolving...
Dominique Laboureix, chair of the European Union’s Single Resolution Board, said he wanted to send a clear message to investors that the regulator would uphold the legal framework for absorbing losses in the case of another bank failure.