On 30 May 2024, the Single Resolution Board (SRB) published its Multi-Annual Plan 2024-2028, setting out its priorities and activities over the next five years based on the Single Resolution Mechanism (SRM) Vision 2028 strategy, as well as the SRB’s core mission and tasks.
The SRB explains that there will be an increased focus on crisis management and readiness in the SRM, the operationalisation of all resolution tools, and the implementation of comprehensive testing to ensure the effective resolvability of banks. It notes that being crisis-ready and ensuring that resolution plans are fully actionable also requires the SRB to have lean and robust internal structures, as well as talented and diverse staff.
The Multi-Annual Plan includes the amended Annual Work Programme 2024, which supersedes the previous Annual Work Programme 2024 published in November 2023.