Tasks of the SRB

 Main Tasks

  • To draft resolution plans for the banks under its direct responsibility. This includes the banks under the direct supervision of the SSM and all cross-border groups
  • To carry out an assessment of the banks’ resolvability and to adopt resolution plans
  • To address any obstacles to resolution and cooperate on resolving them
  • To set the minimum requirements for own funds and eligible liabilities (MREL)
  • To follow up on early intervention measures
  • To trigger resolution (with the ECB)
  • To adopt resolution decisions, to choose and decide on the use of resolution tools
  • To closely cooperate with and give instructions to national resolution authorities
  • The SRB is also in charge of the SRF. The SRF is financed by the banking sector. It has been set up to ensure that financial support is available as a last resort, after private solutions have been ruled out and after the owners and creditors have borne losses.

 

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Contact the Single Resolution Board

Treurenberg 22, 1049 Brussels
Belgium

+32 (0) 2 490 30 00