EBA-CP-2016-08 CP on Resolution Financing Arrangements.pdf
Consultation Paper on Report on the appropriate target level basis for resolution
Consultation Paper on Report on the appropriate target level basis for resolution
Article 102(4) of the Bank Recovery and Resolution Directive (BRRD) requires the EBA to draft and submit to the European Commission a report with recommendations on the appropriate reference point for setting the target level for resolution financing arrangements, and in particular, whether total liabilities constitute a more appropriate basis than covered deposits.
The European Banking Authority (EBA) launched a consultation on its report on the reference point for the target level of national resolution financing arrangements. The appropriateness of the basis for the target level is assessed on the basis of a number of qualitative criteria and historical data. The draft report recommends changing the basis from covered deposits to a total liabilities based measure. The consultation will run until 2 September 2016.
EBA Interim report on MREL
The European Banking Authority (EBA) has received a notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) regarding the termination of the resolution of MKB Bank Zrt.
Comparative report on governance arrangements and recovery indicators
The European Banking Authority (EBA) published today a comparative Report on governance arrangements and indicators in recovery plans. Such a benchmarking exercise is aimed at supporting supervisors and institutions in identifying the crucial elements that should be considered when designing credible governance arrangements and effective indicator frameworks. This is the third thematic comparative analysis the EBA has conducted in the area of recovery planning.
Notification from the Central Bank of Hungary