Date: 2018-04-30Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2018/664 of the Plenary Session of the Single Resolution Board of 23 March 2017 on discharge in respect of the implementation of the budget and on the closure of the accounts of the Single Resolution Board for the financial year 2015 (SRB/PS/2017/02)
This document is a decision by the Plenary Session of the Single Resolution Board (SRB) regarding the discharge of the SRB's budget implementation and the closure of its accounts for the financial year 2015. Adopted on March 23, 2017, the decision, referenced as SRBPS201702, formally grants the Chair of the SRB discharge in respect of the implementation of the Board's budget for 2015 and approves the closure of the SRB's accounts for the same period. The decision is based on Article 501b and 638 of Regulation (EU) No 806/2014, Articles 103, 104, and 105 of the SRB's Financial Regulation, and the decision of January 6, 2017, establishing the procedure for granting discharge. The decision takes into account the final Annual Accounts and the Annual Activity Report of the SRB for 2015, as well as the Court of Auditors' reports on the reliability of the accounts, the legality and regularity of underlying transactions, sound financial management, and any contingent liabilities. The Chair of the SRB is instructed to notify the Council, the Commission, and the Court of Auditors of this decision and to arrange for its publication in the Official Journal of the European Union and on the SRB's website. The decision was made in Brussels and signed by SRB Plenary Session Member Frank Elderson.
Key Entities Referenced
Single Resolution Board: A European Union agency responsible for the resolution of failing banks in the Eurozone and other participating member states.
Regulation EU No 806/2014: A regulation of the European Parliament and of the Council establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms.
European Parliament: The directly elected parliamentary body of the European Union.
Council of the European Union: A body composed of government ministers from each EU member state to discuss, amend and adopt laws, and coordinate policies.
Regulation EU No 1093/2010: Regulation establishing the European Supervisory Authority (European Banking Authority).
Single Resolution Mechanism: A system for the resolution of failing banks in the Eurozone, complementing the Single Supervisory Mechanism.
Single Resolution Fund: A fund financed by the banking industry to be used for the resolution of failing banks within the Single Resolution Mechanism.
Court of Auditors: The European Court of Auditors is the supreme audit institution of the European Union.
30.4.2018 EN Official Journal of the European Union L 110/139
DECISION (EU) 2018/664 OF THE PLENARY SESSION OF THE SINGLE RESOLUTION BOARD
of 23 March 2017
on discharge in respect of the implementation of the budget and on the closure of the accounts of
the Single Resolution Board for the financial year 2015 (SRB/PS/2017/02)
THE SINGLE RESOLUTION BOARD IN ITS PLENARY SESSION,
Having regard to Article 50(1)(b) and 63(8) of Regulation (EU) No 806/2014 of the European Parliament and of the
Council of 15 July 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and
certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and
amending Regulation (EU) No 1093/2010 (1),
Having regard to Article 103, 104 and 105 of the Financial Regulation of the Single Resolution Board as adopted by the
Decision of the Plenary Session of 25 March 2015 (SRB/PS/2015/05) and amended by Decision of the Plenary Session
of 16 March 2016 (SRB/PS/2016/13),
Having regard to the Decision of the Plenary Session of 6 January 2017 establishing the procedure for the Plenary
Session to give discharge to the Single Resolution Board Chair in respect of the implementation of the budget Board
(SRB/PS/2017/01),
Having regard to the final Annual Accounts of the Single Resolution Board for the financial year 2015 as approved in
its meeting of 28 June 2016,
Having regard to the Annual Activity Report of the Single Resolution Board for the financial year 2015 as adopted in its
meeting of 28 June 2016,
Having regard to the Court of Auditors' Annual Report comprising the statement of assurance on the reliability of the
accounts and the legality and regularity of the underlying transactions and sound financial management for the financial
year 2015, together with the Single Resolution Board's replies,
Having regard to the Court of Auditors' Report pursuant to Article 92(4) of Regulation (EU) No 806/2014 on any
contingent liabilities (whether for the Single Resolution Board, the Council, the Commission or otherwise) arising as
a result of the performance by the Single Resolution Board, the Council and the Commission of their tasks under this
Regulation, together with the replies of the Single Resolution Board, the Council and the Commission,
HAS DECIDED TO:
1. Grant the Chair of the Single Resolution Board discharge in respect of the implementation of the Board's budget for
the financial year 2015;
2. Approve the closure of the accounts of the Single Resolution Board for the financial year 2015;
3. Set out its observations in the motion below;
4. Instruct the Chair of the Single Resolution Board to notify this Decision to the Council, the Commission and the
Court of Auditors, to arrange for its publication in the Official Journal of the European Union, and on the website of
the SRB.
Done at Brussels, 23 March 2017.
For the Plenary Session of the Board
SRB Plenary Session Member
Frank ELDERSON
(1) OJ L 225, 30.7.2014, p. 1.