Elke König: An Assessment Ten Years After the Financial Crisis
This September we mark ten years since the beginning of the Global Financial Crisis. It is a period that allows all of us involved in the financial sector to pause and reflect. We reflect on the causes of the last financial crisis and we take stock of all the...
SRB publishes today a non-confidential version of the Banco Popular Español (BPE) ‘Valuation 3’ report
SRB publishes today a non-confidential version of the Banco Popular Español (BPE) ‘Valuation 3’ report, as well as its own preparatory act (SRB Notice) in which it takes a preliminary decision that it does not intend to compensate former
Banking Union – Single Resolution Board collects €7.5 billion in annual ex-ante contributions to the Single Resolution Fund, now reaching €24.9 billion in total
As of 30 June 2018, the Single Resolution Board (SRB) had collected €7.5 billion from 3,315 institutions in annual ex-ante contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €24.9 billion.
Banco Popular - The SRB Appeal Panel adopts further decisions on access to SRB documents
The SRB welcomes clarifications and guidance provided by the SRB Appeal Panel in its new decisions. The SRB is currently analysing these decisions and assessing the steps that need to be taken to implement them.
On 19 June 2018, the SRB Appeal Panel released its decisions...
Banco Popular Español Resolution: the SRB, having received the final ‘Valuation 3’ report, is preparing the next steps including a dedicated consultation process.
Following any resolution action, the Single Resolution Board (SRB) needs to ensure compliance with the ‘no creditor worse off principle’. In this regard, a so-called ‘Valuation 3’ needs to be performed by an independent person as soon as possible after the resolution actions have been...