On 26 November 2024, the Single Resolution Board (SRB) published its Annual Work Programme for 2025, which sets out its main priorities for the next year (alongside its continued work on standard operations).
The Annual Work Programme for 2025 (which complements the SRB Multi-annual Plan) concentrates on three strategic areas: core business; governance, organisation and tools; and human resources. The SRB notes that its priorities include streamlining the resolution planning process and resolution plans; resolvability testing, deep dives and on-site inspections; and crisis communication.
In 2025, the SRB plans to introduce simplification measures to make the resolution plans more actionable in the event of a crisis, and to focus on making resolution plans operational through the testing of resolution strategies. In addition, to further ensure resolvability, the SRB intends to adopt new guidance on how banks can self-assess their resolvability. It also plans to launch on-site inspections and gather lessons learnt and experiences from these first inspections.