The Single Resolution Board today brings together industry, public authorities and key stakeholders to discuss progress and challenges for bank resolution. The key topics will be the impact of the Covid-19 pandemic on the industry and resolvability, resolution planning under the second Banking...
The Single Resolution Board takes note of the judgments of the General Court of the European Union annulling the SRB’s decisions on the 2017 ex-ante contributions of Landesbank Baden-Württemberg, Hypo Vorarlberg Bank and Portigon to the Single Resolution Fund and declaring that Delegated Regulation...
The COVID-19 pandemic constitutes an unprecedented global shock. The latest economic forecasts point at the deepest recession since World War II and, at this stage, we do not yet know its full and final impact on the economy: it remains a very large ‘known-unknown’. In mid-March, stress metrics...
When talking about the predictability of the resolution framework, one has to state clearly, that we have a viable system in place, providing clear rules on using resolution tools and allocating losses in case of a bank failure. For example, a harmonised creditor hierarchy provides clarity and...
The Single Resolution Board has today published a new set of documents to give operational guidance to banks on the implementation of the bail-in tool. The documents include guidance on bail-in playbooks and instructions for bail-in data sets, which are accompanied by an explanatory note. These...
