The SRB Appeal Panel confirms that full disclosure of the Provisional Valuation Report would raise financial stability concerns. At the same time, it decided that the SRB should make public elements of the Valuation Report it considers to be of a non-confidential nature . The SRB is now analysing...
Brussels – 29 September 2017 Today, the Single Resolution Board (SRB) is holding its second conference in Brussels under the theme "Building resolvability together”. The SRB’s focus is on making banks easier to resolve, counting on and fostering a strong cooperation with all its stakeholders. Since...
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 SRF pools contributions which are raised on an annual basis at national...
The Single Resolution Board (SRB) today publishes its 2016 Annual Report . The report takes stock of the progress made in developing resolution plans, establishing the Single Resolution Fund (SRF) and also fostering cooperation within the Banking Union, within Europe and internationally. 2017 saw...
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 resolution action by the SRB is not warranted for these banks. As a...
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 normal business conditions as a solvent and liquid...
In order to clarify certain information issued by media sources regarding a specific bank, the Single Resolution Board would like to notify the following: “The mission of the SRB is to ensure an orderly resolution of failing banks with minimum impact on the real economy and the public finances. As...
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 financing in the form of a national credit line to...
The 45 EU Agencies and Joint Undertakings make a vast contribution to the economic and political development of the European Union according to two new studies presented today during the EU Agencies Forum at the European Parliament. The studies highlight that while the EU Agencies represent less...
Brussels – 28 November 2016 Today, the Single Resolution Board (SRB) publishes its 2017 Work Programme . This Work Programme sets out the strategic goals and objectives of the SRB and of the Single Resolution Mechanism as a whole. Its key focus is on resolution planning and resolution readiness and...
