On May 8, 2015, the EBA published its final report on guidelines on triggers for the use of early intervention powers under the BRRD. The final guidelines provide national regulators with guidance on when to apply early intervention measures to firms. National regulators are not obliged to apply the triggers automatically and may even apply the measures when the triggers are not met. The guidelines identify the following triggers: (i) overall Supervisory Review and Evaluation Process score and outcome, expanding on when regulators should consider application of the early intervention measures; (ii) material changes or anomalies identified in the monitoring of key financial and non-financial indicators under SREP; and (iii) significant events indicating that the conditions for early intervention are met. The final guidelines will apply from January 1, 2016.

The guidelines are available at: http://www.eba.europa.eu/-/eba-publishes-its-final-guidelines-on-triggers-for-the-use-of-earlyintervention-measures