Press releases

Press releases | 16 October 2018

Banco Popular Español (BPE) Resolution: SRB announces next steps in right to be heard process

Registered shareholders and creditors deemed eligible will be invited to submit their written comments to the SRB from 6 November 2018 The Single Resolution Board (SRB) is currently finalising its preparations so that affected shareholders and creditors can exercise their right to be heard. This...
Press releases | 8 November 2018

Single Resolution Board holds its third annual conference in Brussels

“10 years after the crisis: are banks now resolvable?” Brussels – 15 October 2018 Today, the Single Resolution Board (SRB) is holding its third conference in Brussels, which will look into whether banks are now resolvable and will consider what still needs to be done in order to ensure financial...
Press releases | 7 November 2018

SRB Enters into New Arrangements with Central Bank of Brazil & National Bank of Serbia

The Single Resolution Board (SRB) has signed Cooperation Arrangements with the Central Bank of Brazil and the National Bank of Serbia. The new arrangements further strengthen existing close cooperation in order to maintain financial stability. Given the global nature of financial markets, it is...
Press releases | 9 October 2018

Elke König: An Assessment Ten Years After the Financial Crisis

Introduction This September we mark ten years since the beginning of the Global Financial Crisis. It is a period that allows all of us involved in the financial sector to pause and reflect. We reflect on the causes of the last financial crisis and we take stock of all the work that has been done in...
Press releases | 6 August 2018

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 shareholders and creditors of BPE based on the conclusions of...
Press releases | 24 July 2018

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 SRF is intended to be at least 1% of covered...
Press releases | 20 July 2018

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 SRB since its beginning in March...
Press releases | 8 November 2019

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 he first resolution decision, the...
Press releases | 25 June 2018

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 in the cases 44/17-54/17,...
Press releases | 13 June 2018

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 effected...

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