Date: 2022-05-24Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision (EU) 2022/811 of the Single Resolution Board of 24 March 2022 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 2020 (SRB/PS/2022/03) (Only the English version is authentic)
**Summary:**
This document is a decision (EU) 2022/811 of the Single Resolution Board (SRB), dated March 24, 2022, concerning the discharge of the SRB's budget implementation and the closure of its accounts for the financial year 2020.
The SRB, acting under the authority of the Treaty on the Functioning of the European Union and Regulation (EU) No 806/2014, has adopted this decision after considering several key documents, including:
* The Final Annual Accounts of the SRB for 2020.
* The Annual Report of the SRB for 2020.
* The European Court of Auditors Report on the SRB's annual accounts for 2020, along with the SRB's replies.
* The Mazars Audit Report on the 2020 Final Annual Accounts.
* The European Court of Auditors Report on contingent liabilities arising from the SRB's tasks under Regulation (EU) No 806/2014 for 2020.
* The Internal Audit Annual Report 2020.
The decision encompasses the following key actions:
1. Granting discharge to the Chair of the SRB in respect of the implementation of the SRB’s budget for the financial year 2020.
2. Approving the closure of the accounts of the SRB for the financial year 2020.
3. Setting out observations in the motion.
4. Instructing the Chair of the SRB to notify the decision to the Council, the Commission, and the Court of Auditors, and to arrange for its publication in the Official Journal of the European Union (L series) and on the SRB's website.
The decision took effect upon its signature on March 24, 2022. The authentic version of the decision is the English version.
Key Entities Referenced
European Court of Auditors: The institution of the European Union established to audit the implementation of the EU budget and the financial management of EU institutions and bodies.
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 two primary treaties forming the constitutional basis of the European Union.
European Parliament: The directly elected parliamentary institution 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, established in response to the European debt crisis.
Single Resolution Fund: A fund established to finance the resolution of failing banks within the Single Resolution Mechanism.
Birgit RODOLPHE: Plenary Member of the Single Resolution Board.
L 145/44 EN Official Journal of the European Union 24.5.2022
DECISION (EU) 2022/811 OF THE SINGLE RESOLUTION BOARD
of 24 March 2022
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 2020 (SRB/PS/2022/03)
(Only the English version is authentic)
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 Articles 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 2020 as adopted on 30 June 2021(the ‘2020
Final Annual Accounts’),
Having regard to the Annual Report of the SRB for the financial year 2020 as adopted on 7 May 2021(the ‘2020 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 2020, together with the SRB’s replies (the ‘2020 Court of Auditors’ Annual Report’),
Having regard to the Report on the 2020 Final Annual Accounts including audit opinions dated 16 June 2021prepared by
Mazars Réviseurs d’Entreprises (the ‘Mazars 2020 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 2020 (the ‘Court of Auditors’ Contingent
Liabilities Report 2020’),
Having regard to the Internal Audit Annual Report 2020 dated 14 December 2020,
HAS ADOPTED THIS DECISION:
Sole Article
1. Grant the Chair of the Single Resolution Board discharge in respect of the implementation of the SRB’s budget for the
financial year 2020;
2. Approve the closure of the accounts of the SRB for the financial year 2020;
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.
(1) OJ L 225, 30.7.2014, p. 1.24.5.2022 EN Official Journal of the European Union L 145/45
This Decision enters into force on the date of its signature.
For the Single Resolution Board,
Birgit RODOLPHE
Plenary Member