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...
The Single Resolution Board does not take resolution action in relation to ABLV Bank, AS and its subsidiary ABLV Bank Luxembourg S.A.
Following the decision by the European Central Bank to declare ABLV Bank, AS and its subsidiary ABLV Bank Luxembourg S.A. as ‘failing or likely to fail’, the Single Resolution Board (SRB) has decided that resolution action is not necessary as it is not in the public interest for these...
The Single Resolution Board releases the non-confidential version of documents related to the resolution of Banco Popular
Brussels, 2 February 2018
The Single Resolution Board (‘SRB’) published today an ‘extensive’ non-confidential version of the Resolution Decision, the Valuation Reports and the 2016 Resolution Plan. To make as much information publicly available as possible,...
SRB and Canada Deposit Insurance Corporation sign Cooperation Arrangement
22 December 2017
The Cooperation Arrangement (CA) between the Single Resolution Board (SRB) and the Canada Deposit Insurance Corporation (CDIC) further strengthens the close cooperation between the two organizations in compliance with the legal frameworks in...