On 17 August 2021, the European Banking Authority (EBA) published its Annual Report on resolution colleges for 2020. The Annual Report sets out the EBA’s observations on the functioning of colleges during the year and the progress achieved in key areas of resolution planning.
For the 2021 cycle of resolution college meetings, the EBA intends to continue to monitor:
- The credibility and feasibility of the preferred resolution strategy in the current environment and the analysis of alternative resolution strategies.
- The extent to which supervisory authorities, finance ministries and administrators of deposit guarantee schemes are actively involved in consideration of their respective roles.
- Analysis of the suitability of written arrangements underpinning colleges.
- The extent to which colleges undertake reviews of ‘Business Reorganisation Plans’ to assess if changes are required in response to the economic effects of COVID-19.