Press releases

Press releases | 30 June 2020

SRB launches 2019 Annual Report

The SRB today published its 2019 Annual Report detailing the progress made in promoting financial stability while protecting the taxpayer through Europe's banking resolution framework. In 2019, the SRB further strengthened and updated the resolution plans for the banks under its remit based on the...
Press releases | 20 May 2020

SRB publishes MREL Policy under the Banking Package

Today, the Single Resolution Board (SRB) publishes its final ‘Minimum Requirements for Own Funds and Eligible Liabilities (MREL) Policy under the Banking Package’ , along with an overview of the SRB responses to the industry consultation . The consultation took place between 17 February and 6 March...
Press releases | 19 May 2020

SRB launches public consultation on its ‘standardised Data Set’ proposals

New consultation covers minimum data needed for valuation of bank in resolution The Single Resolution Board (SRB) today launches a public consultation on its ‘standardised Data Set’ to ensure that a minimum level of data is available to support a robust valuation for resolution. In 2019, the SRB...
Press releases | 1 April 2020

SRB publishes key bank resolution policy: Expectations for Banks

The Single Resolution Board (SRB) today publishes its final ‘Expectations for Banks’ document , along with an overview of SRB responses to the industry consultation. The consultation took place between 23 October and 4 December 2019. The ‘Expectations for Banks’ document , which has been updated to...
Press releases | 18 March 2020

SRB decides no compensation due to Banco Popular shareholders and creditors, finding that insolvency would have been more costly

The Single Resolution Board (SRB) has decided that no compensation is due to shareholders and creditors affected by the resolution of Banco Popular Español, S.A. (BPE). It concluded that they would not have been better off under normal insolvency proceedings. The decision is based on the post-...
Press releases | 17 February 2020

SRB launches public consultation on changes to its MREL policy under the 2019 Banking Package

The Single Resolution Board (SRB) today launches a public consultation on a number of substantial changes to its policy on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). These changes bring the policy in line with the amendments introduced by the 2019 EU “Banking Package ”...
Press releases | 17 February 2020

SRB announces the appointment of new Vice-Chair and Board Members

The Single Resolution Board (SRB) is pleased to announce the appointment of Jan Reinder De Carpentier as Vice-Chair and Pedro Machado and Jesús Saurina as Members of the Board and Directors of Resolution Planning and Decisions. They will take up their duties on 1 March 2020. The European Commission...
Press releases | 12 February 2020

SRB statement: UK withdrawal from the EU

The EU’s banking resolution authority, the Single Resolution Board (SRB), has today outlined what it expects will happen after the UK formally leaves the EU. Under the Withdrawal Agreement agreed between the UK and the EU27, there will be a Transition Period until the end of December 2020. During...
Press releases | 12 February 2020

Banco Popular ‘right to be heard' process: update

The Single Resolution Board (SRB) is moving into the final phase of the right to be heard process regarding its preliminary decision whether to compensate the shareholders and creditors affected by the resolution actions concerning Banco Popular Español S.A.. The SRB and the independent valuer,...
Press releases | 18 December 2019

Single Resolution Board extends prior permissions procedure

The Single Resolution Board’s procedure to assess applications to reduce eligible liabilities instruments under Article 78a of the Capital Requirements Regulation will remain in place until the relevant European Banking Authority’s Regulatory Technical Standards come into force. To continue...

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