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 decisions on 1 January 2016. Its primary scope covers significant and cross-border banking groups established in the BU.
The Bank Recovery and Resolution Directive (BRRD), which has been transposed in all participating Member States, requires banks to meet a minimum requirement for own funds and eligible liabilities (MREL) so as to be able to absorb losses and restore their capital position, allowing banks to continuously perform their critical economic functions during and after a crisis.
To achieve this outcome, the SRB, together with the BU national resolution authorities (NRAs), has started to develop its MREL approach in 2016. Its preliminary approach consisted of informative targets that sought to enable banks to prepare for their future MREL requirements.
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Recent press releases

- New update introduces greater proportionality and flexibility
- Replaces guidance issued in 2021 and aims to enhance resolvability
The SRB publishes today...

The Single Resolution Board has today published its Annual Report for 2024, the first reporting on the implementation of the new SRM Vision 2028...

The SRB today publishes its MREL dashboard for Q4.2024, which shows that banks continue to meet their MREL targets.
The MREL dashboard tracks the...