Single Resolution Board

📢 Our guest speaker, Andrew Metrick, shares his expertise on financial covers it all. Join us as we explore the differences in preventing crisis in the EU and the US, the concept of systemic risk and gain valuable insights. 📚💼 Listen to the SRB Podcast in 5 episode: https://lnkd.in/e-wqFqMj

📢 Stay Informed! Subscribe to SRB news and updates! 📰🔔 Are you interested in financial stability and resolution matters? 🌐 The Single Resolution Board provides essential information, press releases, speeches, and blog posts related to its work. 📈 Subscribe to our news and updates using the form on our website: https://lnkd.in/eHVBc9vy

📢 New Blog Post! 📢 In the SRB’s latest blog post - All in on Bail-In: how the SRB and banks are testing bail-in and making it operational - Tuija Taos, Board Member at the Single Resolution Board, discusses the operationalisation of the bail-in tool in the EU. She focuses on three key areas: ✔️Banks’ Bail-In Playbooks: Learn how banks are preparing operational documents to effectively apply the bail-in tool. ✔️Testing Bail-In: Discover how banks are testing bail-in procedures to ensure readiness. ✔️Transparency on Bail-In Decisions: Explore efforts to enhance transparency in bail-in decision-making. ✔️The bail-in tool, introduced in response to the 2008-2009 financial crisis, shifts the burden of bank losses from taxpayers to owners and creditors. It promotes financial stability and market discipline, allowing banks to better support the economy. 💼💡 🔗 Read more: https://lnkd.in/e-EsA_RD

New Report Alert! The Single Resolution Board has released its third annual resolvability assessment for banks across the Banking Union. 🏦💼 🚀 Key Highlights: 📈 Progress: Banks have made significant strides in developing their capacity to withstand crises. 🔍 Operational Readiness: The SRB is shifting focus to crisis preparedness, emphasising operational aspects of crisis management. 🔄 Testing Framework: Comprehensive testing—fire-drills, deep-dives, and on-site inspections - will challenge banks’ crisis readiness against evolving risks. Consult the report here: https://lnkd.in/e5yKhBua

📢 Exciting news! The Single Resolution Board has published a working paper titled ‘The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities’. 💡 In this paper, Niccolò Cirillo and Francesco Pennesi, Policy Experts at the SRB, and Sebastiano Laviola, former SRB Board Member, delve into technical aspects related to banking turmoil and resolution strategies. Their insights are invaluable for resolution authorities and anyone interested in financial stability. 👉 Read the paper here: https://lnkd.in/eWUbAyr7

📢 A Milestone Year: SRB Publishes 2023 Annual Report The Single Resolution Board released its Annual Report for 2023, highlighting significant progress in enhancing the resolvability and resilience of the European banking sector. Here are the key takeaways: 1. Single Resolution Fund (SRF): The SRF reached its target level, bolstering the financial safety net for bank resolution. 2. MREL Compliance: All banks under the SRB’s supervision met their Minimum Requirement for Own Funds and Eligible Liabilities (MREL) requirements on time. 3. Resolvability Assessment: The SRB’s second resolvability assessment confirmed substantial progress by banks toward achieving resolvability. 4. SRM Vision 2028: The SRB unveiled its new strategy, SRM Vision 2028, shaping the Single Resolution Mechanism for the next five years. 🔗 Read the full report: https://lnkd.in/eDsimQp2

Looking for a career move that makes an impact? The Single Resolution Board is recruiting a Vice-Chair and two Board Members. Bring your expertise to the table and help oversee the Single Resolution Fund and Resolution Planning. 📊🤝 Submit your application by 8 July 2024. Explore the opportunity: https://lnkd.in/eSrPHz3E

🌐 Single Resolution Board's call for applications for two Board Members and a Vice-Chair is open. These positions offer the opportunity to contribute to the stability of the European banking sector. 🛡️ 💡 Don’t miss out – apply by 8 July 2024. Details here: https://lnkd.in/eSrPHz3E

The Single Resolution Board is looking for a Vice-Chair and two Board Members. Work in a senior position in the heart of Europe. 🏦🔍 Applications are open until 8 July 2024. Find out more: https://lnkd.in/eSrPHz3E

🌟 Unveiling the SRM Vision : a scroll story 🌟 Exciting news! 🚀 Say hello to our Scroll Story Page, where we unfold our strategy #SRMVision2028 in a captivating and interactive format. 📜 What Is Scrollytelling? Scrollytelling is the fusion of scrolling and storytelling. As you scroll down the page, our narrative comes to life. It’s not just about reading; it’s about experiencing our vision, mission, and goals in motion. 🌐 🔗 Explore Our Scroll Story: Visit our Scroll Story Page and immerse yourself in our strategy - https://lnkd.in/e34MVe3F