In an SRB blog post, Board Member Slavka Eley sets out how the Single Resolution Board (SRB) and National Resolution Authorities (NRAs) are shifting from resolution planning to operational crisis readiness in the Banking Union, placing resolution testing and crisis preparedness at the centre of the Single Resolution Mechanism (SRM) Vision 2028. Operational readiness is framed around three pillars of simplified crisis policies and procedures, an operational toolkit, and trained staff. Ready-to-use materials cover the full crisis cycle and different resolution strategies, including bail-in execution and transfer tools, while NRAs have drafted jurisdiction-specific National Handbooks in coordination with the SRB. The SRB’s toolkit includes a bail-in calculator, a valuation tool and the Ready for Crisis platform for secure crisis communications. The post also highlights SRM “dry runs” that test resolution tool execution and coordination with stakeholders including the European Central Bank and the European Commission, and points to the SRB’s Expectations on Valuation Capabilities, which set expectations for regularly updated resolution data repositories and clear valuation playbooks. Looking ahead, the SRB plans to expand the scope of its multiannual dry runs programme through large-scale exercises intended to train hundreds of resolution experts, and will explore closer integration of SRM exercises with bank-led testing to jointly refine resolution methodologies.
Single Resolution Board 2026-03-31
European Union's Single Resolution Board outlines operational crisis readiness approach and plans to expand resolution dry runs
The Single Resolution Board outlined a strategic shift with National Resolution Authorities from resolution planning to operational crisis readiness under the Single Resolution Mechanism Vision 2028, centred on resolution testing and crisis preparedness. The framework is built around simplified crisis policies and procedures, an operational toolkit and trained staff, supported by ready-to-use materials, National Handbooks, tools such as a bail-in calculator, valuation tool and Ready for Crisis platform, and multiannual “dry run” exercises. The Single Resolution Board plans to broaden these large-scale exercises and explore closer integration with bank-led testing to refine resolution methodologies.