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

  • Regulatory Technical Standards on valuation

    These draft Regulatory Technical Standards (RTS) aim to provide a common structure to decisions made by resolution authorities and independent valuers. They are intended to promote the consistent application of methodologies for valuations across the Union, giving a common structure to the decisions of resolution authorities. However, they do not seek to provide detailed valuation rules for particular types of asset or liability, but to specify the principles on the basis of which the valuer must apply their own information and expertise in particular cases.

    Status: Final draft adopted by the EBA and submitted to the European Commission

  • Regulatory Technical Standards on Simplified Obligations

    These Regulatory Technical Standards further specify the eligibility criteria to determine whether institutions should be subject to simplified obligations when drafting their recovery and resolution plans.

    Status: Under development

  • 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

Opinions, Reports and other Publications

 

Reports

Opinions