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

  • ITS on MREL reporting by Resolution Authorities

    These standards will enable the EBA to monitor on a consistent basis the implementation of MREL across the Union.

    Status: Under development

  • Report on the appropriate target level basis for resolution financing arrangements under BRRD

    This report defines the reference point for the target level of national resolution financing arrangements. The appropriateness of the basis for the target level is assessed on the basis of a number of qualitative criteria and historical data. The draft report recommends changing the basis from covered deposits to a total liabilities based measure.

  • Guidelines on cooperation agreements between deposit guarantee schemes

    These Guidelines are part of the EBA's work to promote a consistent and coherent approach to cooperation agreements between deposit guarantee schemes (DGSs) across the European Union (EU). The proposed Guidelines specify the objectives and minimum content of cooperation agreements, with the aim of contributing to strengthen the European system of national DGSs.

    Status: Final and translated into the EU official languages

  • 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 and translated into the EU official languages

Opinions, Reports and other Publications

 

Reports

Opinions