On 2 April 2025, the Single Resolution Board (SRB) issued a public consultation on expectations on valuation capabilities.
The consultation is part of the SRB’s engagement with industry in order to achieve its mandate and deliver on the Single Resolution Mechanism Vision 2028 strategy’s focus on improving crisis readiness.
In the consultation the SRB proposes expectations on:
- Valuation Data Index (VDI): the VDI strives to make a sufficient comprehensive set of information available to the SRB and/or independent valuers for performing valuations so that the risk of lacking sufficient data to tune their valuation models is mitigated. The VDI consists of: (i) an enhanced Valuation Data Set (VDS), which includes data field requests on single asset and liability level, and data at portfolio level (for trading books and liabilities); and (ii) a set of documents, which includes audit reports, risk reports, business plans, information on internal models for valuation purposes, etc.
- Data Repositories for Resolution (DRR): the VDI information is expected be submitted to the DRR at a predefined frequency. The minimum functionalities expected for the DRR are outlined and banks are expected to ensure the capability to regularly provide and submit the information expected in the VDI to the DRR, as well as any other additional information upon request, if necessary. The data must be of high-quality and reconcilable with other financial information.
- Valuation playbooks: the SRB establishes expectations on the content and structure of the valuation playbooks, which will help the independent valuer gain an in-depth understanding of banks’ internal valuation models and their application in business processes.
Next steps The deadline for comments on the consultation is 2 July 2025.