Featured Product

    SRB Publishes the Work Program for 2019

    November 12, 2018

    SRB published the work program for 2019, which sets out its priorities and core tasks for the year ahead. The main duty of SRB is to ensure that every bank is resolvable and thus help contribute to financial stability in Europe and across the world. The work program sets forth the objectives of SRB for carrying out this mandate in 2019.

    The priorities for 2019 are in line with the multi-annual plan of SRB for 2018-2020 and they are structured along the following five strategic areas:

    • Strengthening resolvability for SRB entities and less significant institutions
    • Fostering a robust resolution framework
    • Preparing and carrying out effective crisis management
    • Fully operationalizing the Single Resolution Fund 
    • Establishing a lean and efficient organization

    In the year ahead, SRB will focus on tailoring resolution strategies and identifying and addressing impediments to resolvability: minimum requirements for own funds and eligible liabilities (MREL) is a key tool in this regard. The work program for 2019 forecasts sizable progress in the definition of binding MREL requirements, at consolidated and individual level, including the internal location of MREL and its quality. These elements will be put in place to strengthen resolution plans. The year will also see significant progress in resolution planning, both in the scope of banks covered by plans and in their content. Banking groups previously not covered will be addressed by new plans, leading to the adoption of 113 resolution plans in the 2019 resolution planning cycle. All plans will be further substantiated, reflecting the development of new or updated internal SRB policies.

     

    Related Links

    Keywords: Europe, EU, Banking, MREL, Resolution Framework, Resolution Planning, Work Program, Less Significant Institutions, SRB

    Related Articles
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    News

    MAS Issues Guidelines to Promote Senior Management Accountability

    MAS published the guidelines on individual accountability and conduct at financial institutions.

    September 10, 2020 WebPage Regulatory News
    News

    APRA Formalizes Capital Treatment and Reporting of COVID-19 Loans

    APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.

    September 09, 2020 WebPage Regulatory News
    News

    SRB Chair Discusses Path to Harmonized Liquidation Regime for Banks

    SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.

    September 09, 2020 WebPage Regulatory News
    News

    FSB Workshop Discusses Preliminary Findings of Too-Big-To-Fail Reforms

    FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.

    September 09, 2020 WebPage Regulatory News
    News

    ECB Updates List of Supervised Entities in EU in September 2020

    ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.

    September 08, 2020 WebPage Regulatory News
    News

    OSFI Identifies Focus Areas to Strengthen Third-Party Risk Management

    OSFI published the key findings of a study on third-party risk management.

    September 08, 2020 WebPage Regulatory News
    News

    FSB Extends Implementation Timeline for Framework on SFTs

    FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.

    September 07, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5796