The Bank Recovery and Resolution Directive (BRRD) requires resolution authorities to draw up resolution plans that outline the actions to be taken in case an institution meets the conditions for resolution. The proposed draft ITS develop in detail the procedure that should be followed when resolution authorities require information about an institution for the purpose of drawing up a resolution plan.
According to this procedure, resolution authorities shall first contact the competent authorities to request the relevant information about an institution. If the information is not available, or if the format is not satisfactory, resolution authorities may then directly contact the concerned institution and ask them to use the forms and templates included in the Annexes of the ITS proposed by the EBA.
The minimum set of forms and templates provided in theses Annexes cover information on institutions' organisational structure, governance and management, critical functions and core business lines, critical counterparties, structure of liabilities, funding sources, off-balance sheet, payment systems, information systems, interconnectedness, authorities and legal framework. Examples are included in the annexes submitted to this public consultation in order to allow better understanding of the information expected.
Comments to this consultation can be sent to the EBA by 14 April 2015. A public hearing will take place at the EBA premises on 27 February 2015 from 10:00 to 13:00 UK time.
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