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 3

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf European Union agency ⓘ
resolution authority ⓘ
abbreviation SRB ⓘ
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 ⓘ
Single Resolution Mechanism Regulation ⓘ
appliesTo cross‑border banking groups within the Banking Union ⓘ
significant credit institutions in the Banking Union ⓘ
cooperatesWith Council of the European Union ⓘ
European Central Bank ⓘ
European Commission ⓘ
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 ⓘ
headquartersLocation Brussels ⓘ
linked to: Brussels, Belgium
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 ⓘ
partOf European Banking Union ⓘ
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 ⓘ
usesInstrument Single Resolution Mechanism ⓘ
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 ⓘ

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Single Resolution Board → abbreviation → SRB ⓘ
subject linked to: SRB