Public call for expressions of interest in the appointment as Member of the Appeal Panel of the Single Resolution Board (SRB) (SRB/2025/001)

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union (BU). Together with the national resolution authorities (NRAs) of participating Member States (MS), it forms the Single Resolution Mechanism (SRM). The SRB works closely with the NRAs, the European Commission (EC), the European Central Bank (ECB), the European Banking Authority (EBA) and National Competent Authorities (NCAs). It contributes to safeguarding financial stability.

Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy and on public finances of the participating Member States and beyond. Therefore, the SRB is granted with specific tasks and responsibilities to prepare for, and carry out, the resolution of banks that are failing or likely to fail.

The SRB is also responsible for managing the Single Resolution Fund, as established by the Regulation (EU) No 806/2014 of the European Parliament and of the Council[1] (the ‘SRM Regulation’), to ensure that medium-term funding support is available while a bank is being restructured and/or resolved.

The SRB is a self-financed agency of the European Union.

Pursuant to Article 85 of the SRMR, the SRB established an Appeal Panel for the purpose of deciding on appeals submitted against certain decisions of the Board. Pursuant to paragraph 3, any natural or legal person, including resolution authorities, may appeal against a decision of the Board

• addressing substantive impediments to resolvability according to Article 10(10) of the SRM Regulation,

• applying simplified obligations in relation to the drafting of resolution plans for specific entities or waiving the obligation of drafting those plans according to Article 11 of the SRM Regulation,

• determining the minimum requirement for own funds and eligible liabilities (MREL) according to Article 12(1) of the SRM Regulation,

• imposing a penalty according to Articles 38 to 41 of the SRM Regulation,

• raising contributions to the administrative expenditures of the Board according to Article 65(3) of the SRM Regulation,

• raising extraordinary ex post contributions according to Article 71 of the SRM Regulation, and

• denying access to documents under the public access to documents-framework referred to in Article 90(3) of the SRM Regulation.

The Appeal Panel decides on the basis of a majority of its members (paragraph 4). Its decisions shall be reasoned and notified to the parties (paragraph 9). The Appeal Panel may confirm the decision taken by the Board, or remit the case to the latter. The Board shall be bound by the decision of Appeal Panel and it shall adopt an amended decision regarding the case concerned (paragraph 8). Decisions taken by the Appeal Panel can be appealed before the Court of Justice of the European Union (Article 86(1) of the SRM Regulation). Pursuant to paragraph 10 of Article 85 of the SRM Regulation, the Appeal Panel adopted its rules of procedure (cf. https://srb.europa.eu/en/content/procedure). The Appeal Panel is assisted in its work by an independent Secretariat.

Under Article 85(2) of the SRM Regulation, the Appeal Panel shall be composed of five Members and two Alternates, who shall be individuals of high repute from the Member States, coming from the private or the public sector, with a proven record of relevant knowledge and professional experience, including resolution experience, to a sufficiently high level in the fields of banking or other financial services.

The Members of the Appeal Panel and the two Alternates shall be appointed by the SRB for a term of five (5) years, which may be extended once, following a public call for expressions of interest. They shall not be bound by any instructions.

The overall composition of the Appeal Panel should reflect a balanced and diverse range of educational and professional backgrounds tailored to the nature of the Appeal Panel’s tasks. 

The current composition of the Appeal Panel is available under: https://srb.europa.eu/en/content/composition.

Members and Alternates are expected to participate actively and regularly. To this extent, the appointee will be expected to attend regular and ad hoc meetings. The Appeal Panel approximately meets four times a year for regular one day meeting at the SRB premises in Brussels, Belgium. Where necessary, the meeting frequency might increase. Applicants should take into account that meetings in general involve preparatory work. They should also be willing to work with electronic media for the management and exchange of documents. The working documents are provided in English and the meetings are also conducted in English. A very good command of English is therefore essential.

Members and Alternates shall receive remuneration commensurate with the tasks assigned to them on the basis of a contract as service providers, but shall not be permanent employees of the SRB. The Members and Alternates of the Appeal Panel may therefore be in full-time employment, if this is compatible with their ability to hear appeals at short notice (cf. Independence).

Members and Alternates will receive a remuneration of EUR 125 per hour, per Member or Alternate, with a maximum of EUR 12 000 per case as a lump sum compensation. In exceptional situations, justified by means of a reasoned statement on the overall complexity of the case, the lump sum amount can be increased to EUR 15 000 per appeal. Additionally, Members or Alternates are remunerated for participating in meetings relating to appeals, for regular meetings of the Appeal Panel as well specific conferences, up to EUR 1 000 per meeting day per Member or Alternate. The level of activity of the Appeal Panel will depend on the number of appeals made against decisions of the Board.

Travel, accommodation and subsistence costs for Members or Alternates will be met by the SRB according to its decision about the reimbursement rules for the Appeal Panel.

Detailed terms and conditions of appointment of the Members and Alternates of the Appeal Panel will be laid down separately between them and the SRB.

Candidates must comply with the requirements below, otherwise their applications will not be taken into consideration.

Candidates must, as of the closing date for applications:

• be a national of a Member State of the European Union;

• not be current staff of the SRB;

• not be current staff of resolution authorities or other national or Union institutions, bodies, offices and agencies who are involved in performing the tasks conferred on the SRB by the SRM Regulation;

• have:

  1. successfully completed a full course of university studies in preferably law, economics or another subject relevant for the work of the Appeal Panel of the SRB, attested by a degree where the normal duration of university education is four (4) years or more giving access to undertake postgraduate studies; or

  2. succeeded in qualifying to pursue professional activities as a lawyer in a Member State;

• have relevant knowledge and a minimum of ten (10) years of professional experience within the last twelve 12 years, including resolution experience, in the fields of banking or other financial services (acquired before the deadline for submission of applications indicated in this call for expressions of interest) ; and,

• have an advanced command of English with proven drafting ability skills and a satisfactory knowledge of at least one other official language of the European Union.

All candidates will be subject to a pre-screening of any potential conflict of interest in line with the applicable rules. For this purpose, all candidates have to provide, together with their application, a declaration of interest form, as explained below, fully completed and duly signed. Any detected direct interest will lead to the exclusion from the appointment process.

Members and Alternates of the Appeal Panel shall act independently and in the public interest and shall not be bound by instructions. They shall submit a public declaration of commitments and a public declaration of interests indicating any direct or indirect interest, which might be considered to be prejudicial to their independence or the absence of any such interest.

Assessment of expressions of interest will be based on:

• a proven record of relevant knowledge and professional experience to a sufficiently high level in the fields of banking, other financial services, or law, which may include experience in financial services regulation;

• resolution experience in the banking sector;

• economic, legal or academic work related to resolution;

• a very good knowledge and understanding of EU legislation in the fields of banking and other financial services;

• a very good knowledge and understanding of procedures practice in the context of appeal procedures;

• the ability to be available at short notice to hear appeals against decisions of the Board; and

• the potential for conflicts of interest which could limit the ability of a candidate to hear appeals; and,

• proven ability, through objective elements of past track-record, to work and interact in a collegial context, and

• advantageous: a good knowledge and understanding of judicial proceedings before national or EU courts.

The application must include:

1. a letter of motivation (signed);

2. the completed form on declaration of interests (signed)

3. a CV.

Certified copies of degrees/diplomas, references, proof of experience, etc. should not be sent at this point but must be submitted at a later stage of the procedure if requested.

As the predominant working language of the SRB is English, candidates must submit their applications in English.

In submitting an application, applicants accept the procedures and conditions as described in this call and in the documents to which it refers. In compiling their application, applicants may under no circumstances refer to any documents submitted in prior applications (example: photocopies of previous applications will not be accepted). Any misrepresentation in supplying the required information may lead to exclusion from the present call.

The deadline for submission of applications is 15 May  2025.

The complete application must be sent by electronic means not later than 15 May 2025, 23:59 to the following address: SRB-RECRUITMENT [a] srb.europa.eu (SRB-RECRUITMENT[at]srb[dot]europa[dot]eu) 

The subject of the email should contain the reference number of the call for expressions of interest: SRB/2025/001(https://srb.europa.eu/en/vacancies).

The nomination and appointment of candidates is envisaged to be concluded by the end of July 2025.

For any further information on this Call, please contact SRB-RECRUITMENT [a] srb.europa.eu (SRB-RECRUITMENT[at]srb[dot]europa[dot]eu) by referring in the subject of the email to the reference number of the call: SRB/2025/001 .

All candidates applying to this call for expressions of interest will be informed of the outcome of the selection process.

Based on the selection criteria listed above, the SRB shall draw up a list of candidates.

The SRB applies a policy of equal opportunities and accept applications without distinction on the grounds of sex, race, colour, ethnic or social origin, genetic features, language, religion, political or any other opinion, membership of a national minority, property, birth, disability, age or sexual orientation.

The purpose of processing the data submitted by candidates is to evaluate applications in view of possible recruitment at the SRB. The personal information requested by the SRB from candidates will be processed as required by Regulation (EU) 2018/1725^[1] of the European Parliament and of the Council of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data (Official Journal of the European Union, L 295 of 21 November 2018). This applies in particular to the confidentiality and security of such data. In this regard, please see the Privacy statement. By submitting an expression of interest for the position of member of the Appeal Panel, candidates consent to the processing of his or her personal data for the purposes of this selection procedure.