Single Resolution Board

The Single Resolution Board (SRB) is an EU agency that was established in Brussels in 2015 as part of the broader set of reforms known as the banking union.

The initial activity of the SRB was largely about establishing processes and methodologies, particularly in the area of resolution planning.

In June 2017, the SRB took its first decision to take resolution action in the case of Banco Popular Español.

The SRF is composed of contributions from credit institutions and certain investment firms in the 19 participating Member States within the Banking Union.

It is being gradually built up during the period until 2023 included, and shall reach the target level of at least 1% of the amount of covered deposits of all credit institutions within the Banking Union by 31 December 2023.