SRB

The role of the SRB is proactive: rather than waiting for resolution cases to manage, the SRB focuses on resolution planning and enhancing resolvability, to avoid the potential negavite impacts of a bank failure on the economy and financial stability... The SRB is consulting the banking industry and relevant stakeholders on its Operational Guidance on Resolvability Testing for Banks... The Single Resolution Board (SRB) is the central resolution authority within the Banking Union, which at present is 20 eurozone countries and Bulgaria. 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.

Primary location: Brussels Belgium