Recovery, resolution and DGS

Under the Bank Recovery and Resolution Directive (BRRD) on crisis prevention, management and resolution, the EBA is mandated  to develop a wide range of Technical Standards, Guidelines and Reports with the aim of ensuring effective and consistent procedures across the Union, in particular with respect to cross-border financial institutions. The ultimate objective of the BRRD framework is to enhance financial stability, reduce moral hazard, protect depositors and critical financial services, save public money and ensure the smooth functioning of the internal market for financial services. The BRRD is complemented by the Deposit Guarantee Scheme Directive (DGSD), which also assigns rulemaking tasks to the EBA, and by other forthcoming regulatory initiatives on financial institutions other than banks. The DGSD aims to facilitate access to the internal market through the freedom of establishment and the freedom to provide financial services while increasing the stability of the banking system and the protection of depositors.
 
To fulfil its role of monitoring the implementation of the BRRD and the DGSD, national authorities must notify the EBA of any relevant information as well as of any actions taken. The EBA publishes the non-confidential elements of these notifications on its website (i.e. notifications on resolution, liquidation cases with DGS payouts and other DGS interventions), which can be accessed here. Similarly, Member States must periodically report to the EBA data relating to the funding levels of their national Deposit Guarantee Schemes.
 

 

Technical Standards, Guidelines & Recommendations

  • Recommendations on the coverage of entities in a group recovery plan

    These draft recommendations are aimed at defining common criteria to identify entities that need to be covered in group recovery plans, and at providing a common guidance for the extent of such coverage.

    Status: Under development

  • ITS on MREL reporting by Resolution Authorities

    These standards will enable the EBA to monitor on a consistent basis the implementation of MREL across the Union.

    Status: Under development

  • Report on the appropriate target level basis for resolution financing arrangements under BRRD

    This report defines the reference point for the target level of national resolution financing arrangements. The appropriateness of the basis for the target level is assessed on the basis of a number of qualitative criteria and historical data. The draft report recommends changing the basis from covered deposits to a total liabilities based measure.

  • Guidelines on cooperation agreements between deposit guarantee schemes

    These Guidelines are part of the EBA's work to promote a consistent and coherent approach to cooperation agreements between deposit guarantee schemes (DGSs) across the European Union (EU). The proposed Guidelines specify the objectives and minimum content of cooperation agreements, with the aim of contributing to strengthen the European system of national DGSs.

    Status: Final and translated into the EU official languages

Opinions, Reports and other Publications

 

Reports

Opinions