In particular, the Report shows that as of 30 April 2017, only around half of the competent and resolution authorities across the EU had granted simplified obligations or waivers to institutions in their respective jurisdictions. The remaining authorities did not apply simplified obligations or waivers because they had chosen not to exercise this discretion or because of delays in the transposition of the BRRD into their national legal frameworks.
With regard to eligibility assessments for simplified obligations, the EBA analysis highlights the use by competent and resolution authorities of different practices across the EU. The final draft RTS on simplified obligations have addressed most of these divergences by introducing a common two-stage eligibility assessment methodology. This should increase the convergence of practices and ensure a level playing field.
Furthermore, the EBA observed differences in the scope of simplifications applied by the authorities. In some Member States, simplified obligations were very similar to the full BRRD requirements, whereas in other jurisdictions institutions were exempted from applying a substantial part of the relevant BRRD provisions for recovery and resolution planning.
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