With this blog post, I will explain the SRB’s approach to the uncertainty and disruption caused to the Euro Area economy by the COVID-19 outbreak. The world is facing an extraordinary challenge. The pandemic is having a severe effect on people’s health and the global economy. The SRB, like all...
The Single Resolution Board (SRB) today publishes its final ‘Expectations for Banks’ document , along with an overview of SRB responses to the industry consultation. The consultation took place between 23 October and 4 December 2019. The ‘Expectations for Banks’ document , which has been updated to...
The Single Resolution Board (SRB) has decided that no compensation is due to shareholders and creditors affected by the resolution of Banco Popular Español, S.A. (BPE). It concluded that they would not have been better off under normal insolvency proceedings. The decision is based on the post-...
Following European Commission and Belgian government decisions, SRB staff is teleworking as from Monday, March 16 until Sunday, 5 April. The SRB continues to monitor the situation and remains fully operational. Staff remain contactable via email or phone.
