The Single Resolution Board (SRB) has submitted its response to the European Commission’s consultation on the competitiveness of the EU banking sector, setting out how aspects of the EU resolution framework within its remit could better support both financial stability and competitiveness. It notes that while the Banking Union has strengthened the resilience of European banks over the past decade, it remains incomplete and ongoing fragmentation continues to weigh on integration and efficiency. The SRB’s response highlights four priority areas: advancing toward a more integrated European deposit protection framework, strengthening the framework for liquidity in resolution, improving the cross-border allocation of capital and liquidity within banking groups supported by resolvability safeguards, and pursuing targeted simplification through greater coherence across frameworks and more streamlined MREL processes while preserving resilience. The SRB indicated it will continue engaging with the European Commission and stakeholders as the work progresses.
Single Resolution Board 2026-04-15
Single Resolution Board submits response to European Commission consultation on EU banking sector competitiveness
The Single Resolution Board has responded to the European Commission’s consultation on EU banking competitiveness, outlining how the resolution framework could better support financial stability and competitiveness. It identifies four priorities: a more integrated European deposit protection framework, stronger liquidity-in-resolution arrangements, improved cross-border allocation of capital and liquidity within banking groups with resolvability safeguards, and targeted simplification through more coherent frameworks and streamlined MREL processes.