EU and National Authorities to Hold Planned Coordination Exercise

Senior officials from EU and national resolution, regulatory and supervisory authorities will hold a planned coordination exercise on 9 & 10 December 2019, as part of ongoing efforts to strengthen crisis preparedness.

The Single Resolution Board (SRB) will host the exercise, with participants from Austria’s Financial Market Authority, the National Bank of Belgium, Luxembourg’s Commission de Surveillance du Secteur Financier, the European Central Bank and the European Commission. The European Banking Authority and Finland’s Financial Stability Authority will act as observers.

The simulation builds on prior exercises and is led by the SRB’s dedicated crisis coordination team. It aims to increase efficiency, test processes and further improve the coordination between the authorities in resolution cases.

ENDS

About the Single Resolution Board

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union, which at present is 19 eurozone countries, Bulgaria and Croatia. Together with the national resolution authorities it forms the Single Resolution Mechanism. The SRB works closely with the European Commission, the European Central Bank, the European Banking Authority and national authorities. Its mission is to ensure an orderly resolution of failing banks, protecting the taxpayer from state bail-outs, which is promoting financial stability.

Media Contact details

Susan Carroll
Phone: 
+ 32 2 490 3439
Mobile: 
+32 470 96 48 01
Seán De Búrca
Phone: 
+32 2 490 3710
Mobile: 
+32 477 02 87 10
Camille De Rede
Phone: 
+32 2 490 3530
Mobile: 
+32 477 028 530

Contact the Single Resolution Board

Treurenberg 22, 1049 Brussels
Belgium

+32 (0) 2 490 30 00