20/12/2019 (Agence Europe) – On Friday, 20 December, the Single Resolution Board (SRB) announced that it was moving into “the final phase” of the consultation process with the parties affected by the resolution actions concerning the Spanish bank Banco Popular (see EUROPE 11803/9). In 2018, the SRB issued its preliminary decision not to compensate the bank's former shareholders and creditors (see EUROPE 12040/29). It concluded that they would not have been better treated if the bank had been liquidated as part of normal insolvency proceedings. In a statement, the SRB said that it is working with the independent expert to conclude its audit of the 2,856 contributions from the parties considered eligible, which will enable it to review its decision about compensating the parties affected. The SRB intends to make its final decision in “the next few months”. (MF)