Consultation on draft Regulatory Technical Standards (RTS) on the assessment of recovery plans (

Start Date: 20/05/2013 | Deadline: 20/08/2013 | Status: CLOSED |

These draft RTS outline the matters that competent supervisors must assess when reviewing individual and group recovery plans developed by financial institutions. The main objective is to ensure a common approach across the EU regarding the assessment of recovery plans and so to facilitate joint assessments of group recovery plans by different supervisory authorities. 

The RTS provide the general criteria which national authorities should follow when assessing both individual and group recovery plans. Those criteria are based on three key features: completeness, quality and overall credibility.

Next steps

The proposed consultation paper is based on the draft Directive establishing a framework for the recovery and resolution of credit institutions and investment firms (the so-called Recovery and Resolution Directive - RRD) as proposed by the European Commission on 6 June 2012. As the text is still being discussed by the EU legislators (European Parliament and Council), the draft RTS might be amended after the consultation to take into account inter alia possible changes in the final RRD.

The EBA will submit the final draft RTS on recovery plans within 12 months from the date of entry into force of the RRD.