EBA calls on resolution authorities to consider the impact of COVID-19 on resolution strategies and resolvability assessments
The European Banking Authority (EBA) published today a statement on resolution planning in light of the COVID-19 pandemic. With this statement, the EBA intends to reiterate the importance of resolution planning in times of uncertainty to ensure that resolution stands as a credible option in times of stress. In addition, the EBA highlights the importance for resolution authorities to continue promoting institutions’ efforts to enhance their capabilities and increase their resolvability.