Press Release - Banking Union - Single Resolution Board collects €6.6 billion in annual contributions to the Single Resolution Fund, now reaching €17 billion in total
As of 30 June 2017, the Single Resolution Board (SRB) had collected €6.6 billion from 3,512 institutions in annual contributions to the Single Resolution Fund (SRF). In total, the SRF now holds an amount of €17.4 billion.
The SRB will not take resolution action in relation to Banca Popolare di Vicenza and Veneto Banca
Brussels – 23 June 2017
Following today’s decision taken by the European Central Bank to declare Banca Popolare di Vicenza S.p.A. and Veneto Banca S.p.A. as ‘failing or likely to fail’, the Single Resolution Board has decided that...
The Single Resolution Board adopts resolution decision for Banco Popular
Brussels – 7 June 2017
Today, the Single Resolution Board (SRB) has transferred all shares and capital instruments of Banco Popular Español S.A. (Banco Popular) to Banco Santander S.A (Santander). This means that Banco Popular will operate under...
Banking Union – Single Resolution Board completes signature of Loan Facility Agreements with all 19 participating Member States
Brussels – 8 February 2017
The Single Resolution Board (SRB) finalised the signing of the Loan Facility Agreements (LFAs) with 19 participating Member States of the Banking Union. Through the LFAs, each participating Member States provides a bridge...
U.S., European Officials to Hold Planned Coordination Exercise on Cross-Border Resolution Planning
Senior officials representing resolution authorities in the United States and Europe on Monday will hold the second in an ongoing series of planned exercises to enhance coordination on cross-border resolution.