SRB consults on its ‘Expectations for Banks’
0 comments
The Single Resolution Board (SRB) has launched a consultation on its ‘Expectations for Banks.’ The document outlines best practices on key aspects of resolvability.
The document sets out the capabilities the SRB expects banks to demonstrate in order to show that they are resolvable. It outlines benchmarks for assessing resolvability and clarifies the actions the SRB expects banks to take.
While the expectations are general, their application will be tailored to each individual bank, based on a dialogue with the SRB’s internal resolution teams.
Stakeholders are to provide feedback by December 4, 2019.
Photo Credit: Jason Goh from Pixabay