EBA gets recovery directive 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 need to include five key elements.
One is governance, "including the conditions and procedures necessary to ensure a
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