The Single Resolution Board (SRB), the European authority tasked with resolving large failing banks within the euro area banking union, made every effort in 2020 to publish sufficient budgetary provisions to meet the financial risks incurred in legal disputes, the European Court of Auditors said in a report published on Tuesday (30 November).
Last year, the SRB reported € 5,561 million (compared to €186 million in 2019 - see EUROPE B12612A9) of possible commitments relating to 41 cases...