ARTICLE
21 January 2015

EBA Publishes Final Guidelines And Regulatory Technical Standards On Bank Resolution Plans

SS
Shearman & Sterling LLP

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The final draft RTS and guidelines form part of the EBA's aim for a consistent approach to bank resolution across the EU.
European Union Finance and Banking
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On December 19, 2014, the EBA published (i) final draft RTS on the content of resolution plans and the assessment of resolvability; and (ii) final guidelines on the specification of measures to reduce or remove impediments to resolvability and the circumstances in which each measure may be applied under the BRRD. The final draft RTS and guidelines form part of the EBA's aim for a consistent approach to bank resolution across the EU. The draft RTS set out the detail of resolution plans for EU institutions as well as the criteria for resolvability assessment and the final draft guidelines supplement the RTS in specifying procedures including those for overcoming obstacles to resolvability.

The draft final RTS and guidelines are available at:
http://www.eba.europa.eu/documents/10180/933992/EBA-RTS-2014-15+%28Final+draft+RTS+on+Resolution+Plan+Contents%29.pdf and http://www.eba.europa.eu/documents/10180/933988/EBA-GL-2014-11+%28Guidelines+on+Impediments+to+Resolvability%29.pdf.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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