On 20 December 2022, the Single Resolution Board (SRB) and the European Central Bank (ECB) revised their Memorandum of Understanding (MoU) in order to further enhance cooperation and information exchange.

The revision of the MoU is an important milestone in the cooperation between the SRB and ECB. The MoU includes many aspects of cooperation and exchange of information as it draws lessons learned from recent crisis cases, addresses cooperation arrangements deriving from the Banking Package, and formalises current practices.