Recommendation on the development of recovery plans (EBA/REC/2013/02)

Status: Final and translated into the EU official languages

The EBA adopted a formal Recommendation to ensure that major EU cross-border banks develop group recovery plans by the end of 2013. The plans shall be submitted to the respective competent authorities and discussed within colleges of supervisors. The aim of the Recommendation is to spur the development of recovery plans and to foster convergence on the highest standards across the Union.

EBA Discussion paper on a template for recovery plans (EBA/DP/2012/2)

Summary
15/05/2012

This discussion paper presents some preliminary ideas on what the key elements of a recovery plan should be. To this end, it proposes a possible “template for recovery plan” which aims at covering the essential issues that should be addressed in a recovery plan.

The inputs from the discussion process will assist the EBA in the performance of its role according to Article 25 of the EBA Regulation.

Background
Article 25 of the EBA founding Regulation (Regulation (EU) 1093/2010) assigns the Authority the task of contributing to and actively participating in the development and coordination of effective and consistent Recovery and Resolution Plans (RRPs).
In particular, the EBA may identify best practices, and draft regulatory and implementing technical standards, with regard to the development of RRPs. The exact role and responsibility of the EBA are to be specified in an EU legislative act. In this regard, the forthcoming European Commission proposal for EU legislation establishing a framework for the recovery and resolution of credit institutions is expected to detail the nature and content of RRPs, as well as to clarify the scope of their application, and to further define the role and powers of the EBA and national competent authorities (NCAs).

Consultation process
The EBA invites comments on the issues raised in this discussion paper (DP).

Please send your comments to the EBA by e-mail to DP-2012-02@eba.europa.eu by 15 June 2012, including the reference to “EBA/DP/2012/2” in the subject field. Answers should be sent preferably both in PDF and Word formats.

Please note that comments submitted after the deadline, or sent to another e-mail address, will not be processed.

All contributions received will be published on the EBA’s website following the close of the consultation, unless you request otherwise.