SRB Consults on Expectations from Banks to Demonstrate Resolvability

The document sets out the SRB expectations for banks in the resolution planning phase, to demonstrate that they are resolvable and prepared for crisis management. It is a guidance on the actions that banks, under the SRB remit, should undertake to ensure an appropriate level of resolvability. The expectations represent a common approach to ensure consistency and a level playing field within the Banking Union. While the expectations are general in nature, their application to each bank will have to be tailored, taking into account proportionality principles based on a dialog between each bank and its Internal Resolution Team. The result will feed into the annual resolution work programs for banks.

The expectations are not exhaustive and do not prejudge the content of further SRB communications related to resolvability requirements for banks. In this context, Internal Resolution Teams may go beyond what is described in the Expectations by requesting additional information and analyses on specific topics in the resolution planning cycle that are relevant to progress in resolution planning and to improve the resolvability of the respective bank. Taking proportionality into account when applying the expectations, Internal Resolution Teams might also deviate from some of the expectations, provided this is considered appropriate and proportionate in light of the bank-specific characteristics. Banks are expected to work toward resolvability by applying the principles set out in this document as of the date of its publication. 

Related Links

• Press Release
• Expectations for Banks (PDF)
• Feedback Page

Comment Due Date: December 04, 2019

Keywords: Europe, EU, Banking, Resolution, Resolvability, Resolution Planning, Banking Union, Proportionality, Governance, SRB