The Single Resolution Board (SRB)

Belgium

About The Single Resolution Board (SRB)

The Single Resolution Board (SRB) is the European resolution authority and works in close cooperation with the national resolution authorities of participating Member States — together forming the Single Resolution Mechanism (SRM).

The SRB works closely with the European Commission and the European Central Bank (ECB) in safeguarding financial stability. Its mission is to ensure an orderly resolution of failing banks with minimum impact on the real economy and on public finances of the participating Member States and beyond. Therefore, the SRB is granted specific tasks and responsibilities in preparing for and carrying out the resolution of banks that are failing or likely to fail. The SRB is also responsible for managing the Single Resolution Fund (SRF), as established by the SRM Regulation, to ensure that medium-term funding support is available while a bank is being restructured and/or resolved.

The SRB is a self-financed agency of the European Union.

2 jobs with The Single Resolution Board (SRB)