Since the delivery of the ITS on the forms and templates required for the preparation of resolution plans in 2015, there has been significant evolution in the policy and practices applied by authorities in the development of plans for financial institutions.
With the aim of delivering efficient and harmonised practices, the EBA, in conjunction with European resolution authorities, has initiated a review of this reporting process.
This consultation seeks to obtain the views of stakeholders on the proposed amendments. While the core objectives remain the same, the proposed revisions envisage content changes to many of the original templates, the deletion of some others - primarily where the necessary information is available through supervisory reporting channels- and the addition of one new template to collect information about relevant deposit guarantee scheme arrangements.
In addition to the content changes, the proposal also
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clarifies the scope of the reporting framework in line with the Bank Recovery and Resolution Directive (BRRD),
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specifies minimum procedural and technical reporting requirements and
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allows for the application of simplified reporting obligations for small institutions.
The new framework is expected to be operational in 2019 when resolution authorities will collect information as of 31 December 2018.
Comments to this consultation can be sent to the EBA by 11 December 2017. A public hearing will take place at the EBA premises on 9 November 2017 from 10:00 to 12:30 UK time.
Press release
Consultation paper
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