Press releases

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...
Press releases | 6 December 2019

EU and National Authorities to Hold Planned Coordination Exercise

Senior officials from EU and national resolution, regulatory and supervisory authorities will hold a planned coordination exercise on 9 & 10 December 2019, as part of ongoing efforts to strengthen crisis preparedness. The Single Resolution Board (SRB) will host the exercise, with participants...
Press releases | 29 November 2019

SRB statement on European Court judgments annulling 2016 ex-ante contributions decisions for three banks

The Single Resolution Board (SRB) takes note of yesterday’s judgments of the General Court of the European Union annulling the SRB’s decisions on the 2016 ex-ante contributions of Banco Cooperativo Español, Portigon, and Hypo Vorarlberg Bank to the Single Resolution Fund. The judgments only relate...
Press releases | 29 October 2019

Single Resolution Board Publishes 2020 Work Programme

The Single Resolution Board (SRB) has today published its 2020 Work Programme, setting out its priorities and core tasks for the year ahead. 2020 is the final year of the SRB’s 2018-2020 multiannual work programme and will mark the fifth anniversary of the SRB taking on its full powers within the...

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