2022 
                                   RESOLUTION PLANNING 
                                         CYCLE - BOOKLET
                                   SINGLE RESOLUTION BOARD
                                                   srb.europa.eu
                             Table of Contents
                             I.      Overview and cooperation                                                                                              03
                             II.     SRB resolution planning approach                                                                                      09
                             III.    Key elements of the 2022 resolution planning cycle                                                                    20
                             IV.  Assessing bank resolvability                                                                                             25
                 02
                    Overview  
                    and  
                    cooperation
               1
            1.1.  The resolution planning cycle
                        X	The resolution planning cycle 
                                                                                         e
                                                                                        s
                            (RPC) is an annual process                                 a
                                                                                      h                                  Start of the RPC
                                                                                     p
                                                                                      
                                                                                    n
                                                                                   o
                            based on four phases leading                           i
                                                                                  t
                                                                                 a
                                                                                 r
                                                                                a
                            to the approval of the updated                     p
                                                                              e
                                                                              r
                            resolution plan for each SRB                     P          Communication
                            bank. It includes the preferred                                 phase
                            resolution strategy, minimum 
                            requirements for own funds                                                                     Analysis
                            and eligible liabilities (MREL)                                                               and drafting
                                                                                                                            phase
                            and resolvability assessment.                                           Continuous
                                                                                                resolution planning
                                                                                                      process
                        X	The SRB introduced the 
                            12-month RPC for all the banks 
                            under its remit in 2020.                                               BANK     IRT
                        X	It implements the requirements                        Approval
                                                                                  phase
                            for the resolution planning of 
                            banks under direct remit of                                                             Review
                            the SRB laid down in the SRMR                                                            phase
                            and BRRD.
                                                                                                                              IRT: Internal Resolution Team
            04