Featured Product

    SRB Consults on Single Resolution Fund Contributions for 2021

    March 05, 2021

    SRB launched a consultation in relation to the 2021 ex-ante contributions to the Single Resolution Fund (SRF). With this consultation, institutions have the opportunity to review the preliminary Master Decision of SRB for the 2021 ex-ante contributions before its adoption and are invited to comment on any aspect they consider pertinent to the calculation exercise. The consultation process will end on March 19, 2021. The responses to the consultation will be analyzed and integrated in the decision-making process, further to which SRB will publish a final decision on the contributions for the 2021 cycle.

    SRB considers that the consultation will allow it to better structure its dialog with the institutions in scope and facilitate the decision-making process.  The aim of the consultation is to: 

    • Structure the ad hoc, bilateral, and institution-specific dialogs ongoing with ex-ante contribution debtors
    • Set a clear timeframe and communication channel for the submission of requests or considerations
    • Facilitate communication with SRB
    • Further enhance the transparency and robustness of the ex-ante contributions process

    SRF is an emergency fund that is being built up over eight years between 2016 and 2023. It is an important tool in the financial stability toolbox of EU and was created in the wake of the last financial crisis in 2008. Banks and other financial institutions that contribute to the SRF can give their views on how SRB envisages determining the 2021 ex-ante contributions. More than 3,000 banks and other financial institutions across the 21 Banking Union countries contribute to SRF each year. 


    Related Links

    Comment Due Date: March 19, 2021

    Keywords: Europe, EU, Banking, Single Resolution Fund, SRF, Banking Union, Resolution Framework, SRB

    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582