Single Resolution Board (SRB) 2025 work programme

On 2 December 2024, The Single Resolution Board (SRB) published its work programme for 2025. The Programme sets out the SRB’s main priorities for the next year, alongside the continued and important work on standard operations. An overarching priority is to streamline the resolution planning process and resolution plans to make them more efficient and better focused on the most important issues.

Specifically, the strategic objectives:

1. Powerful crisis preparedness and management
2. Crisis-oriented resolvability and resolution planning
3. Strategic objective:  SRM as a reference in the resolution field

Looking at each priority area individually:

Powerful crises preparedness and management

1. To revamp the centralised crisis management function and prepare for evolving threats – A centralised crises unit overseeing resolution tools, testing/dry-runs and managing crises.
2. To develop tools for the operationalisation of resolution strategies – set up a proper framework (legal, financial, operational) for action.
3. To develop a comprehensive approach to crises readiness – a new preparation framework with definitions, targes, tools, tests and training to guide supervisory teams.

Crisis-oriented resolvability and resolution planning:

1. To revamp the annual Resolution Planning Cycle (RPC) and ensure resolutions plans are fully actionable in resolution – A simplified, risk-based approach for the RPC and planning.
2. To ensure banks’ resolvability and develop a comprehensive plan for resolvability testing – This involves stronger guidance and testing of Banks (OSIs)
3. To enhance capacities for launching enforcement action to remove substantial impediments – A clear assessment of impediments and methodologies for SRB/NRAs and for Banks on how to remove them.

Single Resolution Mechanism (SRM) as a reference in the resolution field:

1. To develop a knowledge management function or the SRM – this would aid in the centralisation of documentation, trainings and knowledge spreading across SRM
2. To demonstrate SRM’s leadership in the resolution field – Develop a new communications strategy to raise awareness about the SRB’s work.
3. To strengthen cooperation with EU bodies and develop closer relations with third countries – Increase strategic cooporation with third countries through exchanges with regulators and academia, international institutions, public events and conferences.

Standard operations that contribute to core business objectives

Less significant institutions oversight – The SRB performs an oversight function, which ensures that SRM standards are consistently applied across the Banking Union. During 2025, the SRB will continue to concentrate on enhancing the consistent application of resolution standards among the LSIs and across countries.