EBA publishes its final Guidelines on triggers for the use of early intervention measures
The European Banking Authority (EBA) published today its final Guidelines on triggers for the use of early intervention measures. These Guidelines aim at promoting convergence of supervisory practices in relation to the application of early intervention measures as provided for in the Bank Recovery and Resolution Directive (BRRD). The Guidelines establish a link between the on-going supervision conducted by the Competent Authorities according to the Capital Requirement Directive (CRD) and the early intervention powers set out in the BRRD.