Date: 2021-05-17Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2021/789 of the Single Resolution Board of 31 March 2021 on discharge in respect of the implementation of the budget and on the closure of the accounts of the Single Resolution Board (‘SRB’) for the financial year 2019 (SRB/PS/2021/03)
This document is a decision by the Single Resolution Board (SRB) regarding the implementation of its budget and the closure of its accounts for the financial year 2019. Adopted on March 31, 2021, the decision grants the Chair of the SRB discharge in respect of the implementation of the SRB's budget for 2019 and approves the closure of the SRB's accounts for the same financial year. The decision also outlines observations related to the budget implementation and account closure. The SRB Chair 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 (L series) and on the SRB website. The legal basis for this decision includes the Treaty on the Functioning of the European Union, Regulation (EU) No 806/2014 (the SRM Regulation), and the SRB Financial Regulation of January 17, 2020. The decision references several key documents, including the Final Annual Accounts of the SRB for 2019, the Annual Report of the SRB for 2019, the European Court of Auditors Report on the annual accounts of the SRB for 2019, the Mazars Audit Report on the 2019 Final Annual Accounts, the Court of Auditors Contingent Liabilities Report 2019, and the Internal Audit Annual Report 2019. The decision was adopted by the Single Resolution Board, with Dr. Thorsten Pötzsch, Plenary Member, signing on behalf of the Board.
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.
Treaty on the Functioning of the European Union: One of the primary treaties of the European Union, outlining the organization and operation of the EU.
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.
Single Resolution Mechanism: A system for the resolution of failing banks in the Eurozone.
Single Resolution Fund: A fund established to support the resolution of failing banks within the Single Resolution Mechanism.
European Court of Auditors: The institution of the European Union established to check the finances of the EU.
17.5.2021 E N O f f i c i a l J o u r n a l o f t h e E u r o p e a n Union L 173/15
DECISION (EU) 2021/789 OF THE SINGLE RESOLUTION BOARD
of 31 March 2021
on discharge in respect of the implementation of the budget and on the closure of the accounts of the
Single Resolution Board (‘SRB’) for the financial year 2019 (SRB/PS/2021/03)
THE SINGLE RESOLUTION BOARD,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) No 806/2014 of the European Parliament and of the Council of 15 July 2014establishing
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), and in particular, Articles 50(1)(b) and 63(8) of the SRM Regulation,
Having regard to Article 97, 98 and 99 of the SRB Financial Regulation of 17 January 2020,
Having regard to the Final Annual Accounts of the SRB for the financial year 2019 as adopted on 24 June 2020(the ‘2019
Final Annual Accounts’),
Having regard to the Annual Report of the SRB for the financial year 2019 as adopted on 20 May 2020by way of a written
procedure (the ‘2019 Annual Report’),
Having regard to the European Court of Auditors’ Report on the annual accounts of the Single Resolution Board (SRB) for
the financial year 2019, together with the SRB’s replies (the ‘2019 Court of Auditors’ Annual Report’),
Having regard to the Report on the 2019 Final Annual Accounts including audit opinions dated 15 June 2020prepared by
Mazars Réviseurs d’Enterprises (the ‘Mazars 2019 Audit Report’),
Having regard to the European Court of Auditors’ Report (pursuant to Article 92(4) of Regulation (EU) No 806/2014) on
any contingent liabilities arising as a result of the performance by the Single Resolution Board, the Council or the
Commission of their tasks under the SRM Regulation for the financial year 2019 (the ‘Court of Auditors’ Contingent
Liabilities Report 2019’),
Having regard to the Internal Audit Annual Report 2019 dated 19 December 2019presented to and noted by the Board in
its Plenary Session on 29 January 2020(the ‘Internal Audit Annual Report 2019’),
HAS ADOPTED THIS DECISION:
1. Grant the Chair of the SRB discharge in respect of the implementation of the SRB’s budget for the financial year
2019;
2. Approve the closure of the accounts of the SRB for the financial year 2019;
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.
For the Single Resolution Board,
Dr Thorsten PÖTZSCH
Plenary Member
(1) OJ L 225, 30.7.2014, p. 1.