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Date: 17-May-2024 Category: Not Applicable State: Union Government Country: India

Decision (EU) 2024/1337 of the Single Resolution Board of 13 March 2024 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 2022 (SRB/PS/2024/06)

Issued by Single Resolution Board · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The Single Resolution Board (SRB) has adopted a decision granting discharge to the Chair of the SRB in respect of the implementation of the SRB’s budget for the financial year 2022 and approving the closure of the accounts of the SRB for the financial year 2022.

Key Changes

  • The Chair of the Single Resolution Board is granted discharge in respect of the implementation of the SRB’s budget for the financial year 2022.
  • The accounts of the SRB for the financial year 2022 are approved for closure.
  • The Chair of the SRB is instructed to notify the Decision to the Council, the Commission, and the Court of Auditors.
  • The Decision will be published in the Official Journal of the European Union (L series) and on the website of the SRB.
  • The decision enters into force on the date of its signature (13 March 2024).

Impact Analysis

Single Resolution Board (SRB)

  • The SRB Chair is responsible for disseminating the decision to relevant EU bodies and ensuring its publication.

European Council, Commission, and Court of Auditors

  • The Court of Auditors has already provided a report on the SRB's annual accounts, which was considered in the discharge decision.

Credit Institutions and Investment Firms

  • No immediate direct action required.

Taxpayers

  • No immediate direct action required.

Key Entities Referenced

Single Resolution Board (SRB): An EU agency responsible for the resolution of failing banks in the Eurozone and other participating EU countries. European Parliament: One of the legislative branches of the European Union. Council of the European Union: A legislative body of the European Union comprising ministers from member states. European Commission: The executive branch of the European Union. European Court of Auditors: The EU's external auditor, responsible for auditing the EU's finances. Regulation (EU) No 806/2014: Regulation 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. SRB Financial Regulation of 17 January 2020: Financial rules governing the SRB's budget and financial operations. Mazars Réviseurs d’Enterprises: External audit firm that prepared the Report on the 2022 Final Annual Accounts.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2024/1337 17.5.2024 DECISION (EU) 2024/1337 OF THE SINGLE RESOLUTION BOARD of 13 March 2024 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 2022 (SRB/PS/2024/06) (Only the English text 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 SRB Work Programme 2022 as adopted on 29 September 2021(the ‘2022 Work Programme’), Having regard to the Final Annual Accounts of the SRB for the financial year 2022 as adopted on 26 June 2023(the ‘2022 Final Annual Accounts’), Having regard to the Annual Report of the SRB for the financial year 2022 as adopted on 8 June 2023(the ‘2022 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 2022, together with the SRB’s replies (the ‘2022 Court of Auditors’ Annual Report’), Having regard to the Report on the 2022 Final Annual Accounts including audit opinions dated 16 June 2022prepared by Mazars Réviseurs d’Enterprises (the ‘Mazars 2022 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 2022 (the ‘Court of Auditors’ Contingent Liabilities Report 2022’), Having regard to the Internal Audit Annual Report 2022 dated 18 January 2023, 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 2022. 2. Approve the closure of the accounts of the SRB for the financial year 2022. (1) OJ L 225, 30.7.2014, p. 1. ELI: http://data.europa.eu/eli/dec/2024/1337/oj 1/2EN OJ L, 17.5.2024 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. The Decision enters into force on the date of its signature. For the Single Resolution Board Géraldine THIRY Plenary Member 2/2 ELI: http://data.europa.eu/eli/dec/2024/1337/oj

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