Hearing with Mrs Elke König, Chair of the Single Resolution Board – ECON 22 March 2017

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 summary of four external papers assessing the role of asset management companies in resolving the NPL issue. It is published in advance of the Hearing with Mrs Elke König, Chair of the SRB, in the ECON Committee on 22 March 2017 in accordance with Article 45.4 of Regulation (EU) 806/2014.

• Primary Source

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/

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/

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

ESO: Background information: Hearing with Mrs Elke König, Chair of the Single Resolution Board - ECON 13 July 2016 http://www.europeansources.info/record/hearing-with-mrs-elke-konig-chair-of-the-single-resolution-board-econ-13-july-2016/

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