At the beginning of August, the Single Resolution Board (SRB), the European authority responsible for ensuring resolution of Europe’s major banks, published operational guidance to help financial institutions self-assess their ability to be resolved in the event of failure.
Taking the form of a standardised questionnaire, this guidance covers the seven areas of banking resolution, including governance, loss absorption capacity, liquidity, operational continuity and communication. Through regular testing, it will highlight the way in which a bank can be resolved, if necessary. New guidance on how to carry out testing will be published by the end of the year.
Taking into account the results of a stakeholder consultation, the European authority has simplified the resolvability self-assessment process by increasing reporting frequency (two years) and requesting less detailed information.
Banks will have to submit their first self-assessment report by the end of January 2026.
See the guidance: https://aeur.eu/f/i5j (Original version in French by Mathieu Bion)