SRB Launches Its “SRM Vision 2028” Strategy at SRB Conference
FEBRUARY 14, 2024
  • The SRM Vision 2028 strategy is being launched today after a year of consultation and reflection with stakeholders across the Banking Union
  • Conference features a host of high-level speakers as they discuss the road ahead: risk, readiness and resilience in financial stability.

Today, the Single Resolution Board (SRB) brings together industry, EU policymakers, key stakeholders and academia to discuss the risks to financial stability and how ready and resilient the banking sector is to deal with any potential crisis going forward. The full agenda and topics for discussion are available here.

SRB Chair Dominique Laboureix will also launch the Single Resolution Mechanism’s new strategic vision up until 2028. The strategy marks a clear shift for the SRM, as it begins a new phase of work that takes into account the evolving risk landscape. The SRB and national resolution authorities are moving from the key elements of resolution planning and preparation to include a new focus on operationalisation, resolution testing and crisis readiness. This will ensure that each plan and preferred resolution strategy for each bank can be implemented and at short notice, making us even more crisis-ready and resilient.

The strategy was developed over the past 12 months, with a total of seven different consultations, both internally as well as with NRAs and industry. The strategy covers three key areas: Core Business, Governance and Human Resources. It has nine strategic objectives with 20 actions to be implemented between now and the end of 2028. The specific activities and performance indicators will be included in the upcoming SRB’s Multi-Annual Plan.

‘I am pleased with the cooperation with all 21 National Resolution Authorities within the Banking Union as well as the European Central Bank, the European Commission and industry. Their input and feedback will help us to bring forward efficiencies, simplification and to become even more transparent. The SRB will also address concerns about diversity and gender balance, as well as finding new ways of doing things with the help of a dedicated innovation lab,’ said SRB Chair, Dominique Laboureix.

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