SRB refines bank resolution guidance for alignment and proportionality
The Single Resolution Board (SRB) has updated its operational guidance for banks on separability and transferability. This revision aims for greater alignment with resolvability self-assessment and enhanced proportionality, following a public consultation.
Operationalizing crisis readiness
The Single Resolution Board (SRB) has published updated operational guidance for banks on separability and transferability, marking a shift towards operationalisation and crisis readiness.
This revision aligns the guidance with resolvability self-assessment requirements, providing an operational framework for transfer playbooks and an annex on testing.
The update aims to enhance the effectiveness of existing deliverables by offering operational support, ensuring efficient resource use for banks.
It clarifies expectations for separability analysis and offers a comprehensive manual for developing transfer playbooks, thereby reducing execution risks and improving overall readiness for resolution scenarios.
Refining through public feedback
The updated guidance incorporates feedback from a public consultation held last year, leading to simplified text in several sections and a stronger emphasis on proportionality.
This approach ensures that the framework supports banks in demonstrating expected capabilities without introducing new deliverables.
Instead, the SRB aims to enhance the effectiveness of existing tools, providing a streamlined approach that considers the diverse operational capacities of financial institutions.
The objective is to foster greater alignment and clarity, enabling banks to better prepare for potential resolution scenarios.