EBA gets RRD implementation ball rolling
The European Banking Authority has launched a consultation on a draft regulatory technical standard, the beginning of preparations to implement Europe-wide bank recovery plans through the Recovery and Resolution Directive (RRD).
The consultation is set to determine the content of recovery plans under the RRD, which is the directive that will enact bail-in rules for Europes banks.
The draft proposes recovery plans developed at group and individual level need to include five key elements.
One is governance, including the conditions
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.