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    SRB Publishes its Annual Report for 2017

    July 11, 2018

    SRB published its annual report for 2017, which describes the activities and performance of SRB in 2017. In the past year, SRB enhanced resolution plans, developed resolution strategies and policies, and set—for the first time—binding minimum requirements for own funds and eligible liabilities (MREL) targets for the most important banks. In the coming years, SRB will build on this work and continue to pursue the clear roadmap on resolution planning set by the Multi-Annual Work Program.

    The year 2017 marked a milestone for SRB, as in June 2017 the case of Banco Popular constituted the first resolution of an institution under the SRB remit, which was widely perceived as a success. SRB also made significant progress in other domains, fulfill its mandate by improving resolution planning, further operationalizing resolution tools and the corresponding resolution planning policies, refining the MREL policy, enhancing crisis readiness, further operationalizing the Single Resolution Fund (SRF), strengthening international and regulatory cooperation, and improving operational processes. Thus, SRB focused its work on the following key operational areas:

    • Strengthening resolvability for SRB entities and less significant institutions
    • Fostering a robust resolution framework
    • Preparing and carrying out effective crisis management
    • Operationalizing the SRF
    • Establishing a lean and efficient organization


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    Keywords: Europe, EU, Banking, Annual Report, Resolution Plans, MREL, Resolution Framework, SRB

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