United Kingdom (and EU regulation)

SRB Annual Report 2015

The Single Resolution Board (SRB) has published its 2015 Annual Report.

The Annual Report outlines the SRB’s main achievements from 1 January 2015 until 31 December 2015.

The Annual Report states that the SRB’s main achievements in 2015 were:

on resolution-related activities, the SRB prepared together with national resolution authorities (NRAs): (i) the draft resolution planning manual; (ii) the draft crisis management manual; (iii) the draft cooperation framework with the NRAs; and (iii) the transitional resolution plans;
in terms of working arrangements with other EU institutions, the SRB signed an Agreement with the European Parliament and a Memorandum of Understanding with the European Central Bank in December 2015; and
during the first half of 2015, the SRB set up four committees together with the NRAs on: (i) resolution planning; (ii) crisis management; (iii) cooperation between the Single Resolution Board and the NRAs; and (iv) contributions. The first three committees contributed to the drafting of the draft resolution planning manual, the draft crisis management manual and the draft cooperation framework, respectively.