The Single Resolution Board has published its 2025 annual report, setting out the second year of implementation of its SRM Vision 2028 strategy and a shift toward more operational resolution preparedness. The main developments were the creation of a comprehensive testing framework for bank resolvability, the launch of the SRB’s first on-site inspections, the introduction of a Risk Appetite Framework and a simplified Resolution Planning Cycle intended to make resolution plans more practical and reduce administrative burden. The report shows a stronger focus on testing whether banks can support resolution in practice. In 2025, the SRB published operational guidance on resolvability self-assessment and resolvability testing, concluded four on-site inspections and prepared bank-specific multi-annual testing programmes. It also streamlined the annual planning cycle through a leaner template and more automation, while stepping up market monitoring and risk work in response to a more volatile environment. On funding, the Single Resolution Fund reached its target level with EUR 80 billion available at Dec. 31, 2024, so no regular annual contributions were collected in 2025. The report also says all entities under the SRB’s remit complied with their Minimum Requirement for Own Funds and Eligible Liabilities requirements as of the first half of 2025, with the shortfall against final external targets below EUR 0.3 billion. Looking ahead, the SRB says it is preparing for implementation of the agreed review of the Crisis Management and Deposit Insurance framework, which is due to take effect from mid-2028, with some Single Resolution Mechanism Regulation changes applying in 2026. The board also plans to continue and expand operational testing, including a higher number of on-site inspections in 2026.
Single Resolution Board2026-06-30
Single Resolution Board annual report highlights resolvability testing rollout and no 2025 SRF levies after EUR 80 billion target was reached
The Single Resolution Board’s 2025 annual report says it moved further toward operational resolution readiness by launching a bank resolvability testing framework, carrying out its first on-site inspections and simplifying resolution planning. It also introduced a Risk Appetite Framework and confirmed that no regular 2025 contributions were needed for the Single Resolution Fund because the fund had already reached its EUR 80 billion target level at the end of 2024. The SRB is now preparing for implementation of the revised Crisis Management and Deposit Insurance framework and plans more on-site inspections in 2026.