The Single Resolution Board (SRB) has announced that it will conduct a “dry run” in the coming days simulating the collapse of a major bank to test Europe’s banking crisis management arrangements, working with US and UK partners. The exercise is built around a catastrophic scenario involving the failure of a systemically important bank operating across multiple countries, including the United States and the United Kingdom. The SRB indicated the script has been developed under strict secrecy, with access limited to a small number of people, and the aim is to strengthen authorities’ responsiveness in a crisis.
Single Resolution Board 2025-06-05
Single Resolution Board to run cross-border bank failure simulation with US and UK partners
The Single Resolution Board (SRB) will conduct a "dry run" simulating the collapse of a major bank to test Europe's banking crisis management, in collaboration with US and UK partners. The exercise involves a catastrophic scenario of a systemically important bank's failure across multiple countries. The SRB aims to enhance crisis responsiveness, with the script developed under strict secrecy.