EU

SRB Operational Guidance on Separability and Transferability Updated

The Single Resolution Board (SRB) has updated its operational guidance for banks on separability and transferability. The revisions align with resolvability self-assessment requirements and provide an operational framework for transfer playbooks and testing, aiming to enhance banks' crisis readiness.

Single Resolution Fund Target Level Reached; Banks Not Paying Levies

The Single Resolution Board announced that the Single Resolution Fund (SRF) has reached its target level of over EUR 81 billion as of the end of 2025. Consequently, banks will not be required to contribute to the SRF for the third consecutive year, unless circumstances change.

Capital and Resolution Stacks Simplification Blog Post

A blog post by a Single Resolution Board Board Member discusses the complexity of banks' capital and resolution stacks. It explores potential simplification paths, emphasizing that changes should align with the going-concern regime rather than being standalone recalibrations.

ECB Speech: Dual Mandate and Supply Shocks

ECB Executive Board member Isabel Schnabel delivered a speech discussing the challenges of inflation and employment in an era of supply shocks and AI. She argued that a dual mandate for central banks often leads to similar policy prescriptions as a single mandate, especially when facing supply-side challenges.

ECB Welcomes New Site for European School Frankfurt

The European Central Bank (ECB) has welcomed the City of Frankfurt's decision to select the former Bundesbank headquarters as the new site for the European School Frankfurt (ESF). The ECB expressed hope for swift progress on the new school site and requested a reliable interim solution.

ECB: Nature Risks Impact Economy, International Cooperation Vital

The European Central Bank (ECB) highlights the significant impact of nature-related risks on the economy and financial system. It emphasizes the critical need for international cooperation among supervisors to manage these risks, citing that a substantial portion of corporate lending is to firms highly dependent on ecosystem services.

Lagarde discusses women's empowerment, digital euro, leadership

ECB President Christine Lagarde discussed women's economic empowerment, financial education initiatives, and the digital euro in an interview with ELLE Magazine. The interview highlighted the ECB's new app promoting financial literacy through a step count challenge.

Eurosystem Appia Roadmap for Tokenised Finance Ecosystem

The Eurosystem has published the Appia roadmap, a strategic initiative to shape Europe's tokenised financial ecosystem. The roadmap outlines objectives and approaches for developing integrated, innovative, and resilient tokenised wholesale financial markets, with a blueprint expected in 2028. This initiative aims to ensure central bank money remains the anchor of the financial system amid digital transformation.

Brookfield / Oaktree Merger Approval

The European Commission has approved the proposed concentration by which Brookfield Asset Management Ltd. will acquire sole control over Oaktree Capital Group Holdings, L.P. The decision was made under the EU Merger Regulation, with no opposition to the transaction.

DigitalBridge/Truespeed Merger Approved

The European Commission has approved the merger between DigitalBridge and Truespeed Communications Group Limited (TCGL). The decision, made under Article 6(1)(b) of the Merger Regulation, signifies non-opposition to the concentration, allowing the transaction to proceed.