Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.9.2.1:4.9.2.1 Access to the Appeal Panel of the SRB

Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.9.2.1

4.9.2.1 Access to the Appeal Panel of the SRB

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Certain decisions of the SRB may be contested before the Appeal Panel of the SRB, provided that such a decision is of direct and individual concern to the contestant.1 These decisions include the decisions in relation to resolvability measures, the application of simplified obligations in relation to drafting resolution plans, the MREL, fines, contributions to the administrative expenditures of the SRB, extraordinary ex post contributions to the SRF and refusal of access to documents.

In the aftermath of the resolution of Banco Popular, 74 appeals concerning this resolution were submitted to the Appeal Panel. Of the 74 appeals, 54 appeals have been declared inadmissible. 2 Several of these appeals related to the SRB decision in the resolution of Banco Popular to refuse access to documents. With 11 decisions issued on 19 June 2018, the Appeal Panel concluded that yet further disclosure of documents related to the Banco Popular resolution was necessary.

In the course of 2018, the Panel adopted also a number of decisions related to the obligation of banks to contribute to the system of administrative contributions.3

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