Date: 2019-04-10Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2019/571 of the Single Resolution Board of 28 March 2019 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 2017 (SRB/PS/2019/02)
**Summary:**
On March 28, 2019, the Single Resolution Board (SRB) issued Decision (EU) 2019/571 concerning the discharge of the SRB's budget implementation and the closure of its accounts for the financial year 2017. The decision, made in a plenary session, grants discharge to the Chair of the SRB in respect of the implementation of the SRB's budget for 2017 and approves the closure of the SRB's accounts for the same financial year. This decision takes into account Article 501b and 638 of Regulation (EU) No 806/2014, Article 103, 104 and 105 of the SRB Financial Regulation, the SRB's final Annual Accounts and Annual Activity Report for 2017, the Court of Auditors' Annual Report for 2017, and the Auditors' Report pursuant to Article 92(4) of Regulation (EU) No 806/2014. The SRB has set out its observations in the motion. The Chair of the SRB is instructed to notify the Council, the Commission, and the Court of Auditors of this decision and arrange for its publication in the Official Journal of the European Union L series and on the SRB's website. Klaus Kumpfmüller, Plenary Member, signed the decision on behalf of the Single Resolution Board in Madrid.
Key Entities Referenced
Single Resolution Board: An agency of the European Union responsible for the resolution of failing banks in the Eurozone and other participating EU countries.
Regulation EU No 806/2014: 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 assembly of the European Union.
Council of the European Union: A body composed of government ministers from each EU member state.
Single Resolution Mechanism: A system for the resolution of banks in the Eurozone, composed of the Single Resolution Board and the national resolution authorities.
Single Resolution Fund: A fund used to support the resolution of failing banks within the Single Resolution Mechanism.
Regulation EU No 1093/2010: Regulation establishing the European Supervisory Authority (European Banking Authority).
Court of Auditors: The European Court of Auditors is one of the institutions of the European Union, established to audit the finances of the EU.
L 99/46 EN Official Journal of the European Union 10.4.2019
DECISION (EU) 2019/571 OF THE SINGLE RESOLUTION BOARD
of 28 March 2019
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 2017 (SRB/PS/2019/02)
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) (‘the SRM Regulation’),
— 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 2017 as approved in its meeting of
21-22 June 2018,
— having regard to the Annual Activity Report of the SRB for the financial year 2017 as adopted in its meeting of
21-22 June 2018,
— 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 2017, together with the SRB's replies,
— having regard to the Court of Auditors' special report 2017, No 23 ‘Single Resolution Board: Work on a challenging
Banking Union task started, but still a long way to go’,
— 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 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 for the financial year 2017, 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 2017;
2. Approve the closure of the accounts of the SRB for the financial year 2017;
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 (L series), and on the
website of the SRB.
Done at Madrid, 28 March 2019.
For the Single Resolution Board
Klaus KUMPFMÜLLER
Plenary Member
(1) OJ L 225, 30.7.2014, p. 1.