Single Resolution Board definition

Single Resolution Board means the single resolution board established by the Single Resolution Mechanism Regulation;
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Single Resolution Board means the Board established in accordance with Article 42 of Regulation (EU) No 806/2014;
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Single Resolution Board means the Union agency established pursuant to Article 42 of the SRM Regulation.
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Examples of Single Resolution Board in a sentence

  • The ECB provides the SRB with the data necessary for the calculation of the contributions to the administrative expenditures of the SRB in accordance with Article 6 of the Delegated Regulation EU (EU) 2017/2361 of 14 September 2017 on the final system of contributions to the administrative expenditures of the Single Resolution Board 9.

  • Since 1 January 2015, the Single Resolution Board works in close cooperation with the Resolution Council, in particular in relation to the elaboration of resolution planning, and assume full resolution powers since 1 January 2016.

  • Moreover, Regulation (EU) No 806/2014 establishing a Single Resolution Mechanism (“SRM”) and a Single Resolution Fund, as amended (the “SRM Regulation”) has established a centralised power of resolution entrusted to a Single Resolution Board (the “SRB”) in cooperation with the national resolution authorities, such as the CSSF.

  • Under Regulation (EU) No 806/2014 (“SRMR”), the Single Resolution Board (SRB) is required to disclose on an ongoing basis, during business-as-usual, confidential information with national resolution authorities (the “Onward Sharing Recipients”).

  • It established a Single Resolution Board (the “SRB”), a resolution decision-making authority replacing national resolution authorities (such as the Resolution College of the NBB) for resolution decisions with regard to significant credit institutions.

  • The Single Resolution Board shall, at the date of entry into force of this Agreement, draw a list detailing the size of the compartments of each Contracting Party.

  • Without prejudice of the powers of the Single Resolution Board under Article 7 of this Agreement, where a Contracting Party disagrees with another Contracting Party on the interpretation of any of the provisions of this Agreement or when it considers that another Contracting Party has failed to comply with its obligations under this Agreement, it may bring the matter before the Court of Justice of the European Union.

  • By virtue of Article 5(6)(ga) and Article 18a(1) third sub-paragraph of the Treaty, the Board of Governors shall take by mutual agreement any decision regarding any resolution or settlement or offer as provided for under the jurisdiction provisions of the backstop facility agreement (“BFA”) with the Single Resolution Board (“SRB”).

  • This means that when the Issuers are failing or likely to fail, the EU Single Resolution Board together with the NBB can decide to write down the Warrants (by reducing the outstanding principal amount) or to convert the Warrants into equity.

  • Without prejudice to the power of the Court of Justice of the European Union under Article 11 of this Agreement, the Single Resolution Board established by Regulation (xx SRM), acting on its own initiative or at the request of any Contracting Party, may consider whether a Contracting Party has failed to comply with its obligation to transfer the contributions to the Fund, as established in this Agreement.


More Definitions of Single Resolution Board

Single Resolution Board means the resolution authority established under Regulation 806/2014/EU;
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Related to Single Resolution Board

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • Resolution shall have the meaning specified in Section 8(E).

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.