The Single Resolution Board has opened a public consultation on its Operational Guidance on Resolvability Testing for Banks, aimed at ensuring European banks regularly test their ability to implement a resolution action in a crisis. The draft guidance incorporates lessons learned from past crises and best practice, and is positioned as a step in assessing banks’ resolvability and operational readiness for the crisis measures implied by a resolution scheme. The consultation is open to banks, the broader banking industry and other relevant stakeholders, with responses submitted via an online questionnaire, and the SRB plans stakeholder meetings during the consultation period to address questions. Feedback is due by 5 May 2025. The SRB expects to publish the final operational guidance later in 2025, alongside a summary of feedback and how it was taken into account.
Single Resolution Board 2025-03-17
Single Resolution Board launches consultation on operational guidance for bank resolvability testing
The Single Resolution Board has launched a public consultation on its Operational Guidance on Resolvability Testing for Banks, aimed at ensuring European banks can effectively implement resolution actions during crises. The draft guidance incorporates lessons from past crises and best practices to assess banks' resolvability and operational readiness. The SRB plans to publish the final guidance in 2025, including a summary of feedback received.