- The consultation emphasises the importance of banks regularly testing their capabilities to handle a resolution action in case of crisis
- The consultation runs from 17 March 2025 to 5 May 2025
The Single Resolution Board (SRB) – the central resolution authority within the EU Banking Union present in 20 eurozone countries and Bulgaria – has today opened a consultation on its Operational Guidance on Resolvability Testing for Banks. This initiative aims to ensure that European banks are regularly testing their capabilities to handle a crisis and to implement a resolution action. This consultation incorporates lessons learned from past crises and best practice. It is a key step to assess banks’ resolvability and readiness in case of crisis.
“Given the ever-changing nature of the financial world, we have to constantly assess banks’ readiness to be subject to the crisis measures implied by a resolution scheme. As part of this work, it is key to test banks’ capabilities,” said SRB Chair Dominique Laboureix.
To support the consultation process, the SRB will meet banking industry and other relevant stakeholders to address any questions before the consultation period ends. The consultation is open to banks, the broader banking industry, and related stakeholders. Interested parties can take part by filling out the online questionnaire.
The deadline for submitting feedback is 5 May 2025. Later in the year, the SRB will publish the final Operational Guidance on Resolvability Testing for Banks, along with a summary of industry feedback and how it has been considered in the final guidance.
Source – SRB