Implementing Technical Standards on procedures, forms and templates for resolution planning

Status: Adopted and published in the Official Journal

The Bank Recovery and Resolution Directive (BRRD) requires resolution authorities to draw up resolution plans that outline the actions to be taken in case an institution meets the conditions for resolution. The ITS on procedures, standard forms and templates for the provision of information for the purpose of resolution plans sets out a procedure that should be followed when resolution authorities require information about an institution for the purpose of drawing up a resolution plan.

Consultation to amend the ITS on procedures, forms and templates for resolution planning (EBA-CP-2017-15)

Summary
11/10/2017

The European Banking Authority (EBA) launched today a consultation to amend the Implementing Technical Standards (ITS) on the information which institutions must provide to resolution authorities for the purpose of drawing up and implementing resolution plans. This review aims to update the framework taking into account the latest experience available in the areas of resolution planning and supervisory reporting. The consultation runs until 11 December 2017.
 
Since the delivery of the ITS on the forms and templates required for the preparation of resolution plans in 2015, there has been significant evolution in the policy and practices applied by authorities in the development of plans for financial institutions. With the aim of delivering efficient and harmonised practices, the EBA, in conjunction with European resolution authorities, has initiated a review of this reporting process.
 
The consultation launched today seeks to obtain the views of stakeholders on the proposed amendments.  While the core objectives remain the same, the proposed revisions envisage content changes to  many of the original templates, the deletion of some others - primarily where the necessary information is available through supervisory reporting channels- and the addition of one new template to collect information about relevant deposit guarantee scheme arrangements.
In addition to the content changes,, the proposal also (a) clarifies the scope of the reporting framework in line with the Bank Recovery and Resolution Directive (BRRD), (b) specifies minimum procedural and technical reporting requirements and (c) allows for the application of simplified reporting obligations for small institutions
The new framework is expected to be operational in 2019 when resolution authorities will collect information as of 31 December 2018.

Consultation process

Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 11 December 2017.
A public hearing will take place at the EBA premises on 9 November 2017 from 10:00 to 12:30 UK time. All contributions received will be published following the close of the consultation, unless requested otherwise.

Legal basis and background 

These draft ITS have been developed according to Article 11(3) which entrusts the EBA with the task of developing draft ITS to specify procedures and a minimum set of standard forms and templates for the provision of information necessary to draw up and implement resolution plans. This is in own-initiative review. It is conducted in line with the EBA’s task, set out in Article 29(1)(d) of its founding Regulation, to review the application of the relevant technical standards and propose amendments where appropriate.
 
Consultation ITS on procedures, forms and templates for resolution planning (EBA/CP/2015/01)

Summary
14/01/2015

The European Banking Authority (EBA) launched today a public consultation on draft Implementing Technical Standards (ITS) on procedures, forms and templates for resolution planning. These ITS 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. This consultation runs until 14 April 2015. 
 
The BRRD requires resolution authorities to draw up resolution plans that outline the actions to be taken in case an institution meets the conditions for resolution. The proposed draft ITS develop in detail the procedure that should be followed when resolution authorities require information about an institution for the purpose of drawing up a resolution plan.
 
According to this procedure, resolution authorities shall first contact the competent authorities to request the relevant information about an institution. If the information is not available, or if the format is not satisfactory, resolution authorities may then directly contact the concerned institution and ask them to use the forms and templates included in the Annexes of the ITS proposed by the EBA.
 
The minimum set of forms and templates provided in theses Annexes cover information on institutions’ organisational structure, governance and management, critical functions and core business lines, critical counterparties, structure of liabilities, funding sources, off-balance sheet, payment systems, information systems, interconnectedness, authorities and legal framework. Examples are included in the annexes submitted to this public consultation in order to allow better understanding of the information expected.

Consultation process

Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 14 April 2015.
 
A public hearing will take place at the EBA premises on 27 February 2015 from 10:00 to 13:00 UK time. All contributions received will be published following the close of the consultation, unless requested otherwise.

Legal basis

The draft RTS has been prepared according to Article 11(3) of the BRRD, which mandates the EBA to draft implementing technical standards to specify procedures and a minimum set of standards form and templates for the provision of information for the purpose of resolution plans.