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Single Resolution Board
The Single Resolution Board (SRB) is an EU agency that was established in Brussels in 2015 as part of the broader set of reforms known as the banking union. It acts as the resolution authority for a subset of banks in the euro area and as the institutional hub of the Single Resolution Mechanism. Resolution is the restructuring of a bank by a resolution authority through the use of resolution tools in order to safeguard public interests, including the continuity of the bank's critical functions and financial stability, at minimal costs to taxpayers. History The SRB was established by the EU Single Resolution Mechanism Regulation of 2014 and became operational on 1 January 2015, with full assumption of its resolution authority on 1 January 2016. Its early development was supported by the European Commission. It moved to its current office on Treurenberg 22 in central Brussels in late 2015. The initial activity of the SRB was largely about establishing processes and methodologies, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agencies Of The European Union
The agencies of the European Union (formally: ''Agencies, decentralised independent bodies, corporate bodies and joint undertakings of the European Union and the Euratom'') are bodies of the European Union and the Euratom established as juridical persons through secondary EU legislation and tasked with a specific narrow field of work. They are distinct from: * international law juridical persons established through primary (treaty) legislation, either as an EU institution (the European Central Bank) or an EU body of other type (such as the European Investment Bank Group entities, the European University Institute, the European Stability Mechanism or the Unified Patent Court) * other EU institutions * other EU bodies lacking juridical personality, including the advisory bodies, the independent offices held by a single person (European Ombudsman, European Data Protection Supervisor), and the (non-independent, auxiliary) EU inter-institutional services, regardless whether establis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brussels
Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Brussels Hoofdstedelijk Gewest), is a region of Belgium comprising 19 municipalities, including the City of Brussels, which is the capital of Belgium. The Brussels-Capital Region is located in the central portion of the country and is a part of both the French Community of Belgium and the Flemish Community, but is separate from the Flemish Region (within which it forms an enclave) and the Walloon Region. Brussels is the most densely populated region in Belgium, and although it has the highest GDP per capita, it has the lowest available income per household. The Brussels Region covers , a relatively small area compared to the two other regions, and has a population of over 1.2 million. The five times larger metropolitan area of Brusse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking Union
The banking union of the European Union is the transfer of responsibility for banking policy from the national to the EU level in several EU member states, initiated in 2012 as a response to the Eurozone crisis. The motivation for banking union was the fragility of numerous banks in the Eurozone, and the identification of vicious circle between credit conditions for these banks and the sovereign credit of their respective home countries ("bank-sovereign vicious circle"). In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. Conversely, weakness in sovereign credit resulted in deterioration of the balance sheet position of the banking sector, not least because of high domestic sovereign exposures of the banks. As of mid-2020, the Banking union of the European Union largely consists of two main initiatives, the Single Supervisory Mechanism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Area
The euro area, commonly called eurozone (EZ), is a currency union of 19 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 19 eurozone members are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The eight non-eurozone members of the EU are Bulgaria, Czech Republic, Croatia, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, albeit all but Denmark are obliged to join once they meet the euro convergence criteria. Croatia will become the 20th member on 1 January 2023. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency and issue their own coins. In addition, Kosovo and Montenegro ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Resolution Mechanism
The Single Resolution Mechanism (SRM) is one of the pillars of the European Union's European Union banking union, banking union. The Single Resolution Mechanism entered into force on 19 August 2014 and is directly responsible for the resolution of the entities and groups directly supervised by the European Central Bank as well as other cross-border groups. The centralised decision making is built around the Single Resolution Board (SRB) consisting of a Chair, a Vice Chair, four permanent members, and the relevant national resolution authorities (those where the bank has its headquarters as well as branches and/or subsidiaries). Upon notification from the ECB that a bank is failing or likely to fail, the Board will adopt a resolution scheme including relevant resolution tools and any use of the Single Resolution Fund, established by the SRM Regulation (EU) No 806/2014. The Single Resolution Fund helps to ensure a uniform administrative practice in the financing of resolution with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Popular Español
Banco Popular Español, S.A. () was the sixth largest banking group in Spain before it was bought by Banco Santander as part of a rescue package in June 2017. Components The group consisted of the following companies: national bank Banco Popular Español, regional bank Banco Pastor, mortgage bank Banco Popular Hipotecario, private bank Popular Banca Privada, French subsidiary Banco Popular France (sold to Crédit Mutuel in 2008), Portugal subsidiary Banco Popular Portugal, USA subsidiary TotalBank (now part of City National Bank of Florida), Internet bank WiZink, and estate services subsidiary Aliseda. The bank had international offices in Belgium, Chile, Germany, Hong Kong, Morocco, Netherlands, Switzerland (Geneva and Zürich), London, United States], France, Italy, and Venezuela. History Banco Popular Español (BPE) was founded in 1926. BPE opened a representative office in Paris in 1968 that became a subsidiary that by 1991 had a network of 14 branches in France. In 1992 B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sberbank
PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015 (currently: Sber). Sberbank has operations in several European nations, primarily post-Soviet countries. By 2022, the bank accounted for about a third of all bank assets in Russia. The bank's rise since 1990s is in part due to its close connections to the Russian government. it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in ''The Banker''s Top 1000 World Banks ranking. In the world ranking of public companies ''Forbes'' "Global 2000" Sberbank takes 51st place. History Early history Sberbank's history goes back to Cancrin's financial reform of 1841, when a netw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 Russian Invasion Of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An estimated 8 million Ukrainians were displaced within their country by late May and 7.8 million fled the country by 8 November 2022, while Russia, within five weeks of the invasion, experienced its greatest emigration since the 1917 October Revolution. Following the 2014 Ukrainian Revolution, Russia annexed Crimea, and Russian-backed paramilitaries seized part of the Donbas region of south-eastern Ukraine, which consists of Luhansk and Donetsk oblasts, sparking a regional war. In March 2021, Russia began a large military build-up along its border with Ukraine, eventually amassing up to 190,000 troops and their equipment. Despite the build-up, denials of plans to invade or attack Ukraine were issued by various Russian gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hrvatska Postanska Banka
, image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = "Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capital = Zagreb , coordinates = , largest_city = capital , official_languages = Croatian language, Croatian , languages_type = Writing system , languages = Latin alphabet, Latin , ethnic_groups = , ethnic_groups_year = 2021 , religion = , religion_year = 2021 , demonym = , government_type = Unitary parliamentary republic , leader_title1 = President of Croatia, President , leader_name1 = Zoran Milanović , leader_title2 = Prime Minister of Croatia, Prime Minister , leader_name2 = Andrej Plenković , leader_title3 = Speaker of the Croatian Parliament, Speaker of P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nova Ljubljanska Banka
NLB Group is the largest banking and financial group in Slovenia, with the core of its activity being in Southeast Europe. History Founded in 1994, the bank now covers markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka, NLB Banka Podgorica, N Banka, several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down. NLB d.d. is as of 14 November 2018 a publicly listed company owned by a diversified investor base and whose largest shareholder is the Republic of Slovenia with a 25% plus one share. With the acquisition of the Serbian Komercijalna banka in December 2020, the Group further strengthened its strategic and systemic position in the region and now ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elke König
Elke König (born 28 January 1954) is a German MBA in Business and auditor. From January 2012, she was president of the Federal Financial Supervisory Authority (BaFin); in December 2014, she became the first Chair of the newly established Single Resolution Board (SRB) of the Single Resolution Mechanism headquartered in Brussels. Early life and education König was born near Cologne (Rhineland).Frank Drost, Peter Köhler, Susanne Metzger:. '' Elke König - champion of clarity. '' Handelsblatt of 25 January 2012 Design. She studied Business Administration at the University of Cologne from 1972 to 1976, where she earned a doctoral degree (Dr rer. pol.) between 1976 and 1980. Career From 1980 to 1990, König worked for KPMG Deutsche Treuhandgesellschaft in Cologne auditing and advising insurance undertakings, from 1986 as a holder of a special statutory authority (“Prokuristin”) and from 1988 as a director and partner. From 1990 to 2002, as a member of senior management of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
