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Europe Daily Bulletin No. 12843

1 December 2021
Contents Publication in full By article 17 / 34
ECONOMY - FINANCE - BUSINESS / Banks
Level of provisioning of Single Resolution Board against financial risks is adequate, according to European Court of Auditors
Brussels, 30/11/2021 (Agence Europe)

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...

Contents

EU RESPONSE TO COVID-19
SECURITY - DEFENCE
EXTERNAL ACTION
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
INSTITUTIONAL
COURT OF JUSTICE OF THE EU
EMPLOYMENT - CULTURE
NEWS BRIEFS
ADDENDUM
CORRIGENDUM