The European Commission has adopted the following Delegated Regulations setting out regulatory technical standards (RTS) on valuation under the Bank Recovery and Resolution Directive (BRRD):
- Commission Delegated Regulation (EU) No …/… supplementing the BRRD with regard to RTS specifying the criteria relating to the methodology for assessing the value of assets and liabilities of institutions or entities; and
- Commission Delegated Regulation (EU) …/… supplementing the BRRD with regard to RTS specifying the criteria relating to the methodologies for valuation of difference in treatment in resolution.
In terms of next steps, the Council of the EU and the European Parliament will consider the Delegated Regulations. If neither of them objects, they will enter into force twenty days after they are published in the Official Journal of the EU.