Taking Stock of the Single Resolution Board

March 29, 2019

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.