We ended 2020 with agreement on another important step on the road to the Banking Union. The Eurogroup (in inclusive format) agreed to move forward with the reform of the European Stability Mechanism and to establish the common backstop to the Single Resolution Fund – which will enter into force at...
Keynote speech by the SRB Chair at the Banca d’Italia workshop on the crisis management framework for banks in the EU on 15th January 2021 (virtual event) Check against delivery [Introduction] Buon Giorno et Buon Anno, Good afternoon ladies and gentlemen, Thank you very much to the Bank of Italy...
New Year isn’t the only time that we, at the SRB, think about resolutions. Our focus is always on making banks resolvable so that we can promote financial stability and protect the taxpayer. However, as we head into a new year that I hope will be brighter than the last, it is a good time to take a...
Banks under the SRB’s remit are asked to use a checklist when preparing the Additional Liability Report (ALR) and complete a sign-off form before submission, in order to provide additional assurance on liabilities reported as eligible for MREL. The checklist on reported liabilities is to be used by...
The Single Resolution Board and the Bank of England continue to work closely together to ensure we have appropriate arrangements in place for effective cooperation on the management of the failure of cross border banks, should the need arise. This is underpinned by a cooperation arrangement that...
