Resolvability of Banking Union banks : 2023

In this third edition of the Resolvability Assessment report, the Single Resolution Board (SRB) takes stock of the progress made by banks in building up their resolvability capabilities until December 2023, in line with the SRB Expectations for Banks. December 2023 marked an important milestone for resolvability in the Banking Union, as banks under the SRB's remit showed steady progress in meeting the SRB's Expectations for Banks and MREL policy. This publication translates the results of the SRB Heatmap tool, which is the SRB's main tool to assess progress made by banks in building their resolvability capabilities in line with the SRB Expectations for Banks. The SRB Heatmap tool provides criteria for: assessing banks' progress on resolvability conditions, via four progress levels ranging from insufficient progress to full progress; and assessing the weight of each resolvability condition for the resolution strategy of each bank.