Sede Electrónica
Sede Electrónica

FROB at a glance

FROB / About FROB / FROB at a glance

FROB at a glance

The role of FROB has evolved from its origins to the new scenario of the Banking Union in which it has been operating since 2015. In origin, it began as a “fund”1 in the strict sense of the word, funded with resources from the DGF and with public money to support certain integration processes of former savings banks. Currently, within the resolution framework defined by Law 11/2015 and by EU Regulation 806/2014, FROB is the Spanish Resolution Authority in the executive phase, financed exclusively with private contributions from entities and which is integrated into the European network of authorities led from Brussels by the Single Resolution Board (SRB).

Its fundamental mission is to manage the execution of the resolution processes of credit institutions and/or investment service companies undertaken in our country. At the same time, FROB is still involved in concluding the processes undertaken in an earlier stage, such as carrying out the divestment of the State’s stake in BFA as well as managing its stake in Sareb.

Corporate presentation

Fund for Orderly Bank Restructuring (From 2009) Law 9/2012, of 14 November, on credit institution restructuring and resolution. Activities resulting from the processes already undertaken in previous stages. Diverstment of the State´s participation in BFA Stake in Sareb Monitoring of guarantees given in divestment processes
FROB in the Single Resolution Mechanism (From 2015) Law 11/2015, of 18 June, on the recovery and resolution of credit institutions and investment firms. National Executive Resolution Authority, part of the European Single Resolution Mechanism. SRF NRF Preparation for resolution International activity
1. The legal name of FROB has been changed. Until the entry into force of Law 11/2015, “FROB” was the acronym of Fondo de Reestructuración Ordenada Bancaria [Fund for Orderly Bank Restructuring]. Since 2015, “FROB” has become the name given to the current Spanish Executive Resolution Authority, but now without any reference to the previous concept.