SRB approach to the eligibility of UK law instruments without bail-in clauses after Brexit The Single Resolution Board (SRB) has published a communication on its approach to liabilities governed by UK law without a contractual bail-in recognition clause as eligible for minimum requirement for own...
Check against delivery [Introduction] Good morning to each of you and thank you for taking the time to connect. The Vice-Chair as well as the Board members are connected, too, and we all are happy to have this opportunity to talk with you. Our last press briefing was in July 2020 and, at that time...
There is no doubt that 2020 was a milestone year in many people’s lives. At the SRB, 2020 also saw us hit two major milestones from a resolution planning perspective. The first of these was the introduction of a new resolution planning cycle (RPC) based on a 12-month period. The ‘construction’...
Check against delivery [Introduction / Cooperation with the Swiss] Thank you Peter, First of all, thank you to the Swiss Finance Council for organising this event. Given the very international and interconnected nature of finance, and the importance of the financial sector of Switzerland globally,...
The SRB has today launched a streamlined consultation process in relation to the 2021 ex-ante contributions to the Single Resolution Fund (SRF). In particular, institutions have the opportunity to review the SRB’s preliminary Master Decision for the 2021 ex-ante contributions before its adoption,...
