European Parliament publishes briefing note on the SRB annual report 2019

European Parliament publishes briefing note on the SRB annual report 2019

The European Parliament has published a briefing note on the Single Resolution Board (SRB) 2019 annual report, ahead of an ordinary public hearing with SRB chair Elke König on 27 October 2020.

Following the structure of the SRB 2019 annual report, the briefing note discusses:

• coronavirus (COVID-19) response measures taken by the SRB, and the need to consider a COVID-19 exit strategy going forward

• resolution plans for banks under the SRB’s remit

• preparation for the 2020 resolution planning cycle

• resolvability assessments

• preparations for the UK’s withdrawal from the EU

• co-operation with the European Parliament

• contributions to the Single Resolution Fund

• investments of these funds

• management of resources

• the SRB appeal panel

Source: Public hearing with Elke König, chair of the Single Resolution Board, ECON on 27 October 2020

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