Single Resolution Board’s Post

Today, Single Resolution Board Chair Dominique Laboureix presented our latest biannual reporting note to Eurogroup, highlighting the evolving risks facing Europe’s banking sector and the need to further strengthen resilience and crisis preparedness. Geopolitical tensions, market volatility, and the growing threat of severe operational incidents are converging, creating new challenges for banks and authorities alike. Europe has made significant progress over the past decade: banks have strengthened their resilience, met their MREL requirements, and made tangible improvements in their resolvability capabilities. But resilience is not a box to be ticked once and for all. This is why the SRB’s report calls for further work to ensure that banks and authorities are prepared for an increasingly complex risk environment. We need to close the existing gaps in the framework to deal with well-known risks, such as liquidity and solvency risk. The European Commission's forthcoming banking package offers an opportunity to address these long-standing issues, advance banking union and establish simpler, more modern rules and a more complete crisis management framework. At the same time, preparedness must extend beyond traditional financial risks. Cyber-attacks, ICT disruptions, and outages affecting critical infrastructure can threaten the continuity of essential banking services, even when banks remain financially sound. The Single Resolution Board is strengthening its preparedness for such scenarios, working closely with the #SingleSupervisoryMechanism, national authorities and other European partners. Building resilience today means being more competitive when dealing with the crises of tomorrow. Read the SRB latest reporting note to Eurogroup: https://lnkd.in/e3hT-QH2 #SRB #Eurogroup #BankingUnion #BankingResilience #FinancialStability