A strategic shift toward resolution readiness
The Expectations on Valuation Capabilities (EoVC) is a framework developed by the Single Resolution Board (SRB) to ensure that banks can provide timely, structured, and high-quality data to support valuations in resolution. It defines the minimum capabilities banks are expected to have in place to meet the requirements of Principle 5.2 of the SRB’s Expectations for Banks (EfB), which focuses on the ability of management information systems (MIS) to produce valuation-relevant information that is as complete and up to date as reasonably possible.
The EoVC builds on the SRB’s 2019 Valuation Framework and the 2020 Valuation Data Set (VDS), incorporating lessons learned from real-life resolution cases and industry feedback.
It expands the VDS 2020 guidance with a more robust and scalable approach, enhancing data granularity and introducing new elements such as a Valuation Data Index (VDI), Data Repository for Resolution (DRR), and internal governance through valuation playbooks.
Importantly, the EoVC marks a significant step in the SRB’s broader evolution toward more granular, integrated, and automated regulatory reporting and timely valuation in resolution. This shift reflects the growing need for resolution authorities to access consistent, high-quality data at short notice—moving away from ad hoc data collection toward a more structured and proactive approach.
The EoVC applies to a broad range of institutions within the Banking Union, including:
The Internal Resolution Team (IRT), appointed by the SRB, determines the scope and depth of application for each institution. This assessment considers the institution’s role in the resolution strategy, legal structure, and business model. While REs and credit institution RLEs are generally expected to comply with the full scope of the EoVC, non-credit institution RLEs may be subject to reduced requirements.
The EoVC guidance builds on and enhances the existing framework by outlining clear expectations for the data banks must provide, the systems used to store and share this data with the SRB, and the documentation needed to explain their valuation models. The SRB highlights that these expectations are consistent with the SRM Vision 2028 strategy (and the broader roadmap to 2029), which prioritizes strengthening crisis preparedness. The guidance aims to make use of existing data and tools wherever feasible, while also ensuring that banks establish strong, practical valuation capabilities for use in resolution situations.
The SRB's guidance published as a final framework on December 16, 2025, introduces three core pillars of the EoVC:
The VDI is a comprehensive inventory of valuation-relevant data that banks must maintain. It includes both structured data, primarily the enhanced Valuation Dataset (VDS), and unstructured documents such as business plans, audit reports, tax calculations, and internal model documentation.
The VDS provides granular, instrument-level data across loans, securities, derivatives, liabilities, and collateral protections. Banks must organize their balance sheets into valuation clusters and subclusters, which are used consistently across the VDS and playbooks. This structure supports consistent, model-ready data for completeness, plausibility, consistency, and reconciliation with financial and regulatory reports.
Each VDS submission must be accompanied by a data quality report. The VDI also includes mapping fields to align with frameworks like AnaCredit (and the IReF), EMIR, SHS, the Liability Data Report (LDR) and the Minimum Bail-in Data Template (MBDT). Streamlined data sets are included for real estate, shipping, aviation, and renewables to support accurate collateral valuation, with shipping, aviation, and renewables submitted only upon specific request, and the real estate dataset significantly streamlined to reduce reporting burden.
The DRR is a secure platform where all VDI content is stored and updated. It ensures that resolution-relevant data is readily available to the SRB and independent valuers, especially in crisis scenarios.
Banks must ensure the DRR supports:
Under the final framework, the SRB removed the requirement for continuous, permanent access. Instead, banks must be capable of granting secure, remote access to designated IRT staff on-request within 24 hours, restricted to crisis preparedness, testing, and actual resolution scenarios. For large files, secure transmission methods, such as FTP, must be in place.
Valuation Playbooks document how a bank prepares for and supports valuations in resolution. The final guidance clarifies that playbooks should act as a master guide that summarizes existing methodologies and references internal materials, avoiding duplicative document creation. They include:
Each bank must appoint a single point of contact (SPOC) for resolution valuations. Playbooks must be updated at least annually, validated by senior management, and reflect lessons learned from testing and IRT feedback.
The SRB has established a final, staged implementation timeline to allow in-scope entities to progressively build their capabilities.
Expectations outlined in the EoVC should be met by the following deadlines:
In-scope entities are expected to submit VDS and VDI data to the DRR for the first time by the following deadlines:
In the interim, the existing measures that banks have used to produce the SRB VDS 2020 on an ad-hoc basis must remain in effect.
To ensure alignment with the expectations, institutions should accelerate internal preparations, including conducting gap analyses and mapping exercises. Intermediate milestones and focus areas, particularly regarding the development and testing of Valuation Playbooks, will be communicated by the SRB annually through its priority letters.
With the regulatory expectations now finalized, the transition window is officially open. Given the complexity of implementing a unified, granular data model that maps to multiple reporting frameworks, institutions must treat compliance as an active, business-as-usual project rather than an ad-hoc exercise.
Financial institutions should begin aligning their systems, data governance, and valuation processes with the finalized EoVC framework well ahead of this timeline, for smooth implementation, successful testing simulations, and supervisory readiness.
To successfully navigate the SRB’s progressive implementation timeline, financial institutions require an integrated, robust approach to regulatory data management. Regnology Reporting Hub (RRH) provides a unified platform that helps banks manage the complex demands of the EoVC without disrupting existing business-as-usual operations. By leveraging a granular, harmonized data model, RRH reconciles and connects data across prudential, financial, and resolution perimeters, ensuring data consistency by design.
With native support for the Data Repository for Resolution (DRR), RRH delivers comprehensive version control, access management, and automated on-demand file generation, enabling institutions to confidently meet the strict 24-hour response window for crisis preparations and simulation exercises.
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