On 3 December 2024, the Single Resolution Board (SRB) issued a consultation on operational guidance for banks on resolvability self-assessment.

The purpose of the draft operational guidance is to guide banks under the SRB’s direct remit in their resolvability self-assessments. The self-assessment is an important supporting document to SRB resolution planning and has been developed in line with the European Banking Authority’s guidelines on improving resolvability. With the draft operational guidance, the SRB aims to provide a set of criteria for banks to assess whether they meet the resolvability capabilities outlined in the SRB’s Expectations for Banks, but also to support the multi-annual testing programme that will start from 2026 onwards.

Next steps

The consultation closes on 7 February 2025.

In the coming months, the SRB will further clarify its expectations in selected areas of the Expectations for Banks, notably as regards resolvability testing, liquidity and funding in resolution, operational continuity in resolution, valuation, communication, MIS for bail-in execution, separability and business reorganisation post-bail-in.