Press releases

Press releases | 10 August 2020

SRB publishes guidance documents for the bail-in operationalisation

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...
Press releases | 14 July 2020

SRF grows to €42 billion after latest round of transfers

The Single Resolution Board today announced that the Single Resolution Fund received an increase of €9 billion from 3,066 institutions for the year 2020. This brings the total amount in the SRF to approximately €42 billion. “The Fund is being steadily built up and we are well on our way to reaching...
Press releases | 13 July 2020

Bulgaria and Croatia set to join the Single Resolution Mechanism

Bulgaria and Croatia will join the Single Resolution Mechanism, following the decisions by the European Central Bank to establish close cooperation with the Bulgarian National Bank (Българска народна банка) and Croatian National Bank (Hrvatska narodna banka). From 1 October 2020, the ECB will...
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...

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Belgium

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