On 13 February 2024, the Single Resolution Board (SRB) announced the Single Resolution Mechanism’s (SRM) new strategic vision up until 2028.  

The SRB’s early work was heavily focused on policy development and the main attributes for resolution mandated by the SRM Regulation. By the end of 2023, the SRB reached various key milestones. These milestones included the establishment of a 12-month resolution planning cycle and resolution colleges. Also, banks within the Banking Union had made good progress in terms of resolvability and reaching targets for the minimum requirement for own funds and eligible liabilities.

The new strategic vision 2028 marks a new phase of work with the SRB and Member State resolution authorities moving from the key elements of resolution planning and preparation to include a new focus on operationalisation, resolution testing and crisis readiness. The strategy covers three key areas: core business, governance and human resources. It has nine strategic objectives with 20 actions to be implemented between now and the end of 2028. The specific activities and performance indicators will be included in the upcoming SRB’s Multi-Annual Plan.