The European Banking Authority (EBA) has published the following documents relating to recovery plans under the Bank Recovery and Resolution Directive (BRRD):
- final draft regulatory technical standards (RTS) on the content of recovery plans under Article 5(10) of the BRRD;
- final draft RTS on the assessment of recovery plans under Article 6(8) of the BRRD; and
- guidelines on the range of scenarios to be used in recovery plans.
The EBA will submit the final draft RTS to the European Commission with a view to the Commission adopting them in the form of delegated regulations. Competent authorities and firms are expected to comply with the guidelines by whichever is the earlier of 1 January 2015 or the date on which the home member state applies provisions implementing the relevant articles of the BRRD.
View EBA final draft regulatory technical standards on the content of recovery plans under article 5(10) of Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, 18 July 2014
View Guidelines on the range of scenarios to be used in the recovery plans, 18 July 2014