Publication of the Single Resolution Board addressed to FMIs

The Single Resolution Board (SRB) has recently published a document on Banking Union resolution and access to FMIs. The document can be downloaded here:

2021-03-01_srb_fmi_banking_union_guidance_final.pdf

The purpose of this document is to provide FMIs with a brief overview of the resolution tools available in the Banking Union and their impact on a bank’s ability to maintain continuity of access to FMIs services in resolution. To the extent necessary, it also covers the resolution framework (institutional setup, objectives and decision processes) and the relevant legal provisions ensuring continued access to FMI services in resolution. Finally, the document describes how the legal framework protects the operations of FMIs in case of a bank’s resolution.