SRB consults on new communication guidance for banks in resolution scenarios

The Single Resolution Board (SRB) has launched a consultation on new operational guidance for banks' communication in resolution scenarios, along with a communication testing supplement to its existing operational guidance on resolvability testing for banks. The consultation aims to enhance the timeliness, accuracy and consistency of communication from banks when they are failing or likely to fail. It builds on the SRB's expectations for banks and further clarifies the strategic communication expectations during resolution.

Key areas covered include: (i) coordination between banks and the resolution authorities; (ii) consideration of moratorium tools under the Bank Recovery and Resolution Directive in communication planning; (iii) banks' communication plans for resolution; and (iv) governance arrangements for communication during resolution. The deadline for submissions is 12 December, during which period the SRB will engage with stakeholders to clarify any issues before the consultation closes. Final guidance will be published thereafter and may result in updates to the communication dimension of the SRB's existing operational guidance for banks on resolvability self-assessment. Banks are expected to meet the full set of expectations outlined in the proposed guidance by 30 June 2027. Transitional arrangements may apply in specific cases, particularly for newly authorised banks or those undergoing a switch.

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