The Single Resolution Board (SRB) today publishes operational guidance on operational continuity in resolution (OCIR) and on FMI contingency plans . This follows the publication, following consultation, of the SRB Expectations for Banks document, which sets out the capabilities the SRB expects...
The Single Resolution Board (SRB) plans for and manages bank failures in such a way that the public interest is safeguarded. The bank resolution framework was put in place for banks whose collapse might shake other parts of the economy. In these cases, the SRB can use its resolution tools to manage...
The Single Resolution Board today announced that the Single Resolution Fund received an increase of €9 billion from 3,066 institutions for the year 2020. This brings the total amount in the SRF to approximately €42 billion. “The Fund is being steadily built up and we are well on our way to reaching...
Bulgaria and Croatia will join the Single Resolution Mechanism, following the decisions by the European Central Bank to establish close cooperation with the Bulgarian National Bank (Българска народна банка) and Croatian National Bank (Hrvatska narodna banka). From 1 October 2020, the ECB will...
Over the past few months, there has been an understandable focus on dealing with the effects of the Covid-19 outbreak on our economies. However, we should not forget some of the other challenges facing the European financial sector, among them the fact that the United Kingdom will leave the...
