SRB
E457847
The SRB is the European Union agency responsible for managing the orderly resolution of failing banks within the Banking Union to protect financial stability and taxpayers.
All labels observed (1)
| Label | Occurrences |
|---|---|
| SRB canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
European Union agency
ⓘ
resolution authority ⓘ |
| abbreviation | SRB NERFINISHED ⓘ |
| aimsTo |
avoid significant adverse effects on financial stability
ⓘ
ensure orderly resolution of failing banks with minimal impact on the real economy ⓘ protect covered depositors ⓘ protect public funds ⓘ safeguard critical banking functions ⓘ |
| appliesFramework |
EU Bank Recovery and Resolution Directive
NERFINISHED
ⓘ
Single Resolution Mechanism Regulation NERFINISHED ⓘ |
| appliesTo |
cross‑border banking groups within the Banking Union
ⓘ
significant credit institutions in the Banking Union ⓘ |
| cooperatesWith |
Council of the European Union
NERFINISHED
ⓘ
European Central Bank NERFINISHED ⓘ European Commission NERFINISHED ⓘ national resolution authorities of participating Member States ⓘ |
| formedBy | Regulation (EU) No 806/2014 ⓘ |
| governedBy |
Chair
ⓘ
Vice-Chair ⓘ full-time Board members ⓘ representatives of national resolution authorities ⓘ |
| hasRole |
central resolution authority for significant banks in the Banking Union
ⓘ
single resolution authority for the Banking Union ⓘ |
| headquartersCountry | Belgium NERFINISHED ⓘ |
| headquartersLocation |
Brussels, Belgium
ⓘ
surface form:
Brussels
|
| inception | 2015 ⓘ |
| jurisdiction | European Union ⓘ |
| languageOfWork | English ⓘ |
| legalForm | EU body with legal personality ⓘ |
| locatedInTimeZone | Central European Time ⓘ |
| mandate | to ensure consistent and effective resolution rules and procedures for banks in the Banking Union ⓘ |
| parentOrganization | European Union NERFINISHED ⓘ |
| partOf | European Banking Union NERFINISHED ⓘ |
| responsibleFor |
adopting resolution schemes for failing banks under its remit
ⓘ
minimising use of public funds and taxpayer money in bank resolutions ⓘ orderly resolution of failing banks within the Banking Union ⓘ preparing resolution plans for banks under its remit ⓘ protecting financial stability in the Banking Union ⓘ |
| sector | banking supervision and resolution ⓘ |
| supervises | resolution planning for major euro area banks ⓘ |
| usesFund | Single Resolution Fund NERFINISHED ⓘ |
| usesInstrument | Single Resolution Mechanism NERFINISHED ⓘ |
| usesTool |
asset separation tool in bank resolution
ⓘ
bail-in tool in bank resolution ⓘ bridge institution tool in bank resolution ⓘ sale of business tool in bank resolution ⓘ |
| website | https://www.srb.europa.eu ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.