Press releases

Monday, 6 August, 2018 - 08:45

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
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Tuesday, 24 July, 2018 - 09:45

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.

 

The target size of the...

Friday, 20 July, 2018 - 09:40

Single Resolution Board announces change in the composition of its Board

 

The Single Resolution Board (SRB) announces the decision of Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation to leave the SRB.

Mr Mauro Grande, Board Member and Director of Resolution Strategy and Cooperation, who has been with the...

Wednesday, 11 July, 2018 - 15:00

SRB Publishes 2017 Annual Report

The Chair of the Single Resolution Board (SRB), Elke König today presents the SRB’s 2017 Annual Report at the European Parliament’s Committee on Economic and Monetary Affairs in Brussels. 

The report takes stock of the work and the progress made in 2017. T...

Wednesday, 20 June, 2018 - 19:27

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...

Wednesday, 13 June, 2018 - 09:12

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...

Monday, 19 March, 2018 - 15:16

SRB announces the appointment of new Board Member

 

 

Brussels – 19 March 2018

The Single Resolution Board (SRB) announces the appointment of Mr Boštjan Jazbec as Member of the Board and Director of Resolution Planning and Decisions.

Mr Boštjan Jazbec, a...

Saturday, 24 February, 2018 - 02:00

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...

Friday, 2 February, 2018 - 09:00

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,...

Friday, 22 December, 2017 - 09:04

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...