Press releases

Press releases | 19 September 2017

Single Resolution Board announces change in the composition of its Board

Brussels – 22 August 2017 The Single Resolution Board (SRB) announces the decision of Ms Joanne Kellermann, Board Member and Director of Resolution Planning and Decisions, to leave the SRB. Ms Joanne Kellermann, Board Member and Director of Resolution Planning and Decisions, who joined the SRB...
Press releases | 12 December 2017

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 SRF pools contributions which are raised on an annual basis at national...
Press releases | 20 September 2018

Single Resolution Board publishes its 2016 Annual Report

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...
Press releases | 12 December 2017

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 resolution action by the SRB is not warranted for these banks. As a...
Press releases | 12 December 2017

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 normal business conditions as a solvent and liquid...
Press releases | 31 May 2017

Press Release - Media allegations regarding a specific bank

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...
Press releases | 17 February 2017

MREL : Approach taken in 2016 and next steps

Context The Single Resolution Board (SRB) is the resolution authority for participating Member States within the Banking Union (BU). It began operating as an independent European Union (EU) agency on 1 January 2015. The SRB assumed its full legal powers for resolution planning and resolution...
Press releases | 17 March 2017

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 financing in the form of a national credit line to...
Press releases | 7 December 2016

Two new studies highlight the significant contribution of EU Agencies to citizens and administrations

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...
Press releases | 28 November 2016

Single Resolution Board publishes 2017 Work Programme

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...

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