Recovery, resolution and DGS

Directive 2014/59/EU (the Bank Recovery and Resolution Directive — BRRD) on crisis prevention, management and resolution assigns to the EBA the task to develop a wide range of Binding Technical Standards, Guidelines and reports on key areas of recovery and resolution, with the aim of ensuring effective and consistent procedures across the Union, in particular with respect to cross-border financial institutions. The ultimate objective of this framework is to enhance financial stability, reduce moral hazard, protect depositors and critical financial services, save public money and ensure the smooth functioning of the internal market for financial services. This framework is complemented by the ongoing review of the "deposit guarantee Directive", which also assigns rulemaking tasks to the EBA, and by other forthcoming regulatory initiatives on financial institutions other than banks.

Technical Standards, Guidelines & Recommendations

  • Regulatory Technical Standards on Business Reorganisation Plans

    These Regulatory Technical Standards (RTS) define the content of “Business Reorganisation Plans and Progress Reports”. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. The draft RTS develop in detail the elements that should be included in a resolution plan and the content of the related progress reports.

    Status: Final draft adopted by the EBA and submitted to the European Commission

  • Guidelines on Business Reorganisation Plans

    These Guidelines focus on the assessment of these plans and have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. The draft Guidelines specify further the minimum criteria for a plan to be approved by Resolution and Competent Authorities across the EU, who should assess the credibility of the assumptions, as well as the presence of concrete performance indicators in the plan.

    Status: Final and translated into the EU official languages

  • Guidelines on stress tests of deposit guarantee schemes

    The proposed Guidelines will provide the methodological principles to assess whether the operational and funding capabilities of deposit guarantee schemes (DGSs) are sufficient to ensure deposit protection in the event of a bank failure. In line with the Deposit Guarantee Schemes Directive (DGSD), these Guidelines will promote the quality and the consistency of these stress tests. The resulting data will also facilitate future peer reviews by the EBA, contributing to a safe and sound EU framework for the benefit of depositors and financial stability.

    Status: Final (awaiting translation into the EU official languages)

  • Guidelines on how information should be provided under the BRRD

    These Guidelines outline how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of these Guidelines is to promote convergence of supervisory and resolution practices regarding the disclosure of confidential information. In particular, the draft Guidelines specify that the disclosure of confidential information in summary or collective form should be made available in anonymised form, either by means of a brief statement or on an aggregate basis, and define principle based factors which should be considered in order to ensure that information is disclosed in such a form.

    Status: Final (awaiting translation into the EU official languages)

Opinions, Reports and other Publications

 

Opinions

Reports