On 7 May 2025, the European Banking Authority (EBA) announced that it had published updated final draft implementing technical standards (ITS) on resolution planning.

Background

Article 11 of the Bank Recovery and Resolution Directive mandates the EBA to develop specific ITS on information on resolution plans. The original ITS were developed by the EBA in 2014 – 2015 and then these were updated in 2018. Thereafter the EBA conducted a review of the ITS in order to foster further harmonisation, build on good practices and address shortcomings.

Changes

The updated final draft ITS introduce changes in resolution planning reporting to foster harmonisation and enhance the usability of data. The main changes introduced in this regard include: bringing forward the submission deadlines for some of the information in order to align them across the different resolution authorities; the amendment of the relevant legal entity thresholds; the addition of information on the ownership structure; the introduction of granular reporting of liabilities data; the extension of data reported for the criticality assessment of economic functions, financial market infrastructures and on relevant services for operational continuity.

Next steps

The updated final draft ITS will be submitted to the European Commission for endorsement before being published in the Official Journal of the European Union. The EBA will also develop the data point model (DPM), XBRL taxonomy and validation rules based on the final draft ITS. The draft ITS provide for the new framework to be operational in 2026, with a first reporting reference date of 31 December 2025.