The Single Resolution Board has published revisions to its operational guidance on operational continuity in resolution (OCIR), consolidating its general approach and providing clarifications to banks on how to implement its resolvability expectations. The SRB states the revisions do not introduce significant changes for the industry and therefore were not subject to public consultation. The updated guidance clarifies expectations across service identification and mapping, assessment of operational continuity risk, and mitigating measures, including adequately documented resolution-resilient contracts, appropriate management information systems, and governance arrangements. It also updates references and citations, incorporates links to new frameworks and provisions such as the Digital Operational Resilience Act (DORA) and the European Banking Authority Guidelines on improving resolvability, aligns with the SRB’s Expectations for Banks, and removes redundant content; a tracked-changes version is provided. Certain additions (including in paragraphs 18 and 25) depend in practice on pending measures such as the EBA resolution planning reporting framework overhaul and SRB operational guidance for banks on resolvability self-assessment, and will apply only from the 2026 resolution planning cycle.
Single Resolution Board 2025-01-23
Single Resolution Board updates operational continuity in resolution guidance to reflect DORA and EBA resolvability guidelines
The Single Resolution Board revised its guidance on operational continuity in resolution, clarifying expectations for banks without major industry changes. Updates cover service identification, risk assessment, and mitigation measures, aligning with the Digital Operational Resilience Act and European Banking Authority Guidelines. Some additions will apply from the 2026 resolution planning cycle, contingent on pending measures.