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The European Banking Authority (EBA) published today its final Recommendation on the coverage of entities in banking group recovery plans. This Recommendation, addressed to both Competent Authorities and institutions, aims at defining common criteria to identify entities that need to be covered in group recovery plans, as well as the extent of such coverage. These criteria will help institutions avoid a fragmented approach in providing information in recovery plans and gain a better understanding of the relevant supervisory expectations.

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.

The European Banking Authority (EBA) published today its final draft implementing technical standards (ITS) specifying templates and procedures resolution authorities should follow when informing the EBA of the minimum requirement for own funds and eligible liabilities (MREL) that have been set for institutions under their jurisdiction. These standards will enable the EBA to monitor the consistency of MREL implementation across the EU.

The European Banking Authority (EBA) launched today a public consultation on the implementation of the EBA Guidelines on methods for calculating contributions to deposit guarantee schemes (DGSs). The draft Report assesses whether the principles outlined in the EBA Guidelines on these methods are being met in practice. It also evaluates whether there is appropriate and consistent implementation of these Guidelines. The consultation runs until 28 August 2017 .

The European Banking Authority (EBA) received a notification regarding the resolution action taken by the Single Resolution Board (the SRB) in respect of Banco Popular Español as the conditions for resolution were met. The SRB adopted a resolution scheme providing for the application of the sale of business tool. Following a marketing process, the SRB decided to transfer Banco Popular to Banco Santander S.A. and to exercise the power of write-down and conversion of capital instruments prior to the transfer in order to address the shortfall in the value of the Institution.

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on valuation in resolution. These draft RTS are a crucial piece of regulation for the resolution framework as they aim to provide the independent valuer with common criteria for the valuation, which will inform the decisions made by resolution authorities, thus promoting a consistent approach to such valuations across the EU.