Taking Stock of the Single Resolution Board
© European Union, 2019. Document prepared at the request of the European Parliament's Committee on Economic and Monetary Affairs.
The Single Resolution Board (SRB) has had a somewhat difficult start but has been able to learn and adapt, and has gained stature following its first bank resolution decisions in 2017–18. It must continue to build up its capabilities, even as the European Union's banking union and its policy regime for unviable banks continue to develop.
Specific areas identified for parliamentary scrutiny include the SRB's authority to determine a bank as failing or likely to fail, its crisis preparedness beyond the ongoing process of resolution planning, and its governance and operational independence.