The public interest assessment is a key safeguard in bank resolution, to protect taxpayers and financial stability. When faced with a failing bank, the SRB considers whether resolution best serves the public interest or whether the bank can go into normal insolvency proceedings. To do this, we...
Today, the Single Resolution Board (SRB) publishes its updated ‘ Minimum Requirements for Own Funds and Eligible Liabilities (MREL) Policy under the Banking Package ’. The updated policy introduces a number of new elements and refinements, based on the changes required by the Banking Package. MREL...
The Chair of the Single Resolution Board , Elke König will inform on Friday 21 May 2021 the Eurogroup ministers about ongoing activities of the SRB, focusing on progress regarding resolution planning, resolvability and minimum requirement for own funds and eligible liabilities (MREL). The Chair...
Today, the SRB published key considerations on the crisis management and deposit insurance (CMDI) framework review. Please read the attached document. Find here the SRB response to the European Commission targeted consultation on the review of the CMDI framework
[CHECK AGAINST DELIVERY] Good afternoon fellow panellists, and hello to all those connected today. I want to be brief, so I’ll touch on a few points, just to give food for thought, and we might pick up on some of these topics in more detail in the discussion after. [Impact of working from home]...
