Hearing with Mrs Elke König, Chair of the Single Resolution Board – ECON 13 July 2016

The Single Resolution Board (SRB) was established on 1 January 2015 and on 1 January 2016 it became fully responsible for the resolution of those banks which are directly supervised by the ECB and of other cross-border groups.

This briefing presents the state of play regarding the work of the SRB as well as a short insight into the latest Risk dashboard published by the European Banking Authority (EBA). It was published in advance of the Hearing with Mrs Elke König, Chair of the SRB, in the ECON Committee of the European Parliament on 13 July in accordance with Article 45.4 of Regulation (EU) 806/2014.

ESO: Background information: Video message by Commissioner Jonathan Hill at the First Single Resolution Board Conference http://www.europeansources.info/record/speech-video-message-by-commissioner-jonathan-hill-at-the-first-single-resolution-board-conference/

ESO: Background information: Single Resolution Mechanism to come into effect for the Banking Union http://www.europeansources.info/record/press-release-single-resolution-mechanism-to-come-into-effect-for-the-banking-union/

Website: Single Resolution Board (SRB) https://srb.europa.eu/en/mission

EP: EPRS: At a Glance, July 2016: Risk Weighted Assets versus Total Assets: Does it matter for MREL requirements? http://www.europarl.europa.eu/RegData/etudes/ATAG/2016/574431/IPOL_ATA(2016)574431_EN.pdf

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