The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) on detailed records of financial contracts. The RTS have been developed within the framework established by the Bank Recovery and Resolution Directive.
The RTS are intended to promote a consistent and systemic approach to ensure that Member State competent authorities and resolution authorities are able to quickly and directly obtain relevant information on financial contracts from institutions and relevant entities in order to support the application of resolution powers or resolution tools. However, the RTS do not introduce additional reporting obligations.
View EBA defines the minimum set of information on financial contracts for detailed records, 17 December 2015