Summary : This note is prepared in view of an ordinary public hearing with the Chair of the Single Resolution Board (SRB), Elke König, which will take place on 27 October 2020. The central aim of the meeting is to discuss the SRB 2019 annual report. Following the structure of the SRB 2019 annual report, this briefing addresses (i) COVID-19 response measures taken by the SRB, and the need to consider a COVID-19 exit strategy going forward; (ii) resolution plans for banks under the SRB’s remit; (iii) preparation for the 2020 resolution planning cycle; (iv) resolvability assessments; (v) preparations for the UK’s withdrawal from the EU; (vi) cooperation with the European Parliament; (vii) contributions to the Single Resolution Fund; (viii) investments of these funds; (ix) management of resources; and (x) appeal panel.

Authors : Marcel MAGNUS, CRISTINA SOFIA PACHECO DIAS, REBECCA SARAH FANNY SEGALL, KRISTINA GRIGAITE