Single Resolution Board’s Post

🎉 10 years of the Single Resolution Mechanism: achievements and the road ahead At SRM 10th Anniversary Conference, the Single Resolution Board Chair, Dominique Laboureix, opened the event by reflecting on a decade of protecting financial stability in Europe - and on the road ahead. Over the past ten years, the SRB and National Resolution Authorities have turned a new framework into a credible and effective system, proving that bank resolution works in practice. Some key milestones speak for themselves: 💶 Over €2.6 trillion in loss-absorbing capacity built by Banking Union banks 🏦 Around €80 billion in the Single Resolution Fund, ready if needed 📝 About 150 resolution plans drafted and updated each year Looking forward, the Chair underlined the SRB’s commitment to ensuring the SRM remains effective, simple and fit for purpose, while preparing for emerging risks - from new banking models to the growing importance of non-bank financial institutions. As Mr Laboureix concluded: “We shall not rest on our good results but remain vigilant, ready to improve and always on the lookout for new risks.” 👉 Read the full speech here: https://lnkd.in/epjVpKjQ #SRM10 #SRB #BankingUnion #FinancialStability #CrisisManagement #Resolution