In particular, the analysis has shown that in a number of recovery plans banks' approach on governance arrangements and indicators is already broadly in line with the requirements laid down in the Bank Recovery and Resolution Directive (BRRD).
However, other plans still remain at a less advanced stage namely with regards to escalation procedures and decision making processes, where greater clarity is needed, and to governance arrangements and indicators, which need to be more consistent with the existing processes and frameworks.
Finally, the European Banking Authority (EBA) has highlighted that coverage and integration of material legal entities within group recovery plans remains a challenging task for the majority of plans, as institutions have so far focussed mostly on the parent perspective, both with respect to escalation procedures and the use of recovery indicators.
Press release
Comparative report on governance arrangements and recovery indicators
© EBA
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