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...
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. The discussion exercise will be held on Monday, October 10, and follows a similar...
Brussels – 13 July 2016 In accordance with the Single Resolution Mechanism Regulation (SRMR), the Single Resolution Board (SRB) is pleased to announce the publication of its first Annual Report. The SRB started in January 2015 with a clear focus on resolution planning; since January 2016 the SRB...
Brussels – 6 July 2016 On 30 June 2016, the Single Resolution Board (SRB) collected 6.4 billion euros in contributions to the Single Resolution Fund (SRF). Today, the SRB is pleased to report that it has collected over 10 billion euros in contributions in total from nearly 4000 banks and investment...
Brussels – 29 April 2016 Today, the Single Resolution Board (SRB) is holding its first conference ever in Brussels where it recently found its definitive premises in Treurenberg . "Charting the course: making bank resolution work", is the title of today’s event which shows the determination of the...
