SRM Vision 2028 strategy
The new strategy takes into account the evolving banking landscape, as well as current and emerging risks. Under SRM Vision 2028, the SRB and NRAs will focus more on operationalising resolution plans, resolution testing and crisis readiness. Every bank has a resolution strategy, so it has a plan for resolution in case it should run into trouble. The aim is for these resolution strategies to be legally, operationally and financially ready, and to test them. This will make the banking system even more resilient. In addition, communication, transparency and collaboration with industry stakeholders, both at European and global level, are crucial for the proper functioning of the resolution framework. The SRM Vision 2028 was developed with different consultations with both internal and external stakeholders from throughout the Banking Union, including the various Member States, the European Commission and the banking industry.