Date: 2018-04-30Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2018/665 of the Plenary Session of the Single Resolution Board of 15 March 2018 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 2016 (SRB/PS/2018/02)
This document is a decision (EU) 2018/665 of the Plenary Session of the Single Resolution Board (SRB), dated March 15, 2018, concerning the discharge of the SRB's budget implementation and the closure of its accounts for the financial year 2016. The decision, SRB/PS/2018/02, is based on Article 50(1b) and 63(8) of Regulation (EU) No 806/2014, Articles 103, 104, and 105 of the SRB Financial Regulation, the final Annual Accounts of the SRB for 2016, the Annual Activity Report of the SRB for 2016, the Court of Auditors' Annual Report for 2016, and the Auditors' Report pursuant to Article 92(4) of Regulation (EU) No 806/2014. The SRB has decided to: (1) Grant the Chair of the SRB discharge in respect of the implementation of the SRB's budget for the financial year 2016; (2) Approve the closure of the accounts of the SRB for the financial year 2016; (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. The decision was made in Brussels and is signed by SRB Plenary Session Member Tuija Taos.
Key Entities Referenced
Single Resolution Board: An agency of the European Union responsible for the resolution of failing banks.
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 parliamentary body of the European Union.
Council of the European Union: A component of the EU legislative branch representing the governments of the member states.
Single Resolution Mechanism: A system for the resolution of banks in the Eurozone, coordinated by the Single Resolution Board.
Single Resolution Fund: A fund used to support the resolution of failing banks within the Single Resolution Mechanism.
Regulation EU No 1093/2010: Regulation that amends regulations related to the Single Resolution Fund.
Court of Auditors: The European Court of Auditors is one of the institutions of the European Union (EU), established to check that EU funds are collected and used correctly and help improve EU financial management.
L 110/140 EN Official Journal of the European Union 30.4.2018
DECISION (EU) 2018/665 OF THE PLENARY SESSION OF THE SINGLE RESOLUTION BOARD
of 15 March 2018
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 2016 (SRB/PS/2018/02)
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 SRB Financial Regulation,
Having regard to the final Annual Accounts of the SRB for the financial year 2016 as approved in its meeting of
22 June 2017,
Having regard to the Annual Activity Report of the SRB for the financial year 2016 as adopted in its meeting of 22 June
2017,
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 2016, together with the SRB's replies,
Having regard to the 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 Commision 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 for
the financial year 2016, together with the replies of the SRB, the Council and the Commission.
HAS DECIDED TO:
1. Grant the Chair of the SRB discharge in respect of the implementation of the SRB's budget for the financial
year 2016;
2. Approve the closure of the accounts of the SRB for the financial year 2016;
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, 15 March 2018.
For the Plenary Session of the Board
SRB Plenary Session Member
Tuija TAOS
(1) OJ L 225, 30.7.2014, p. 1.