On December 19, 2014, the EBA issued a consultation paper which includes draft RTS on procedures, notifications and notices of suspension under the BRRD. The draft RTS state amongst other items that: (i) where an entity is considered by its management body to be failing, the national competent authority should be notified; and (ii) national competent authorities should inform resolution authorities of any notifications received from an entity. The consultation closes on March 20, 2015.

The consultation paper is available at:

http://www.eba.europa.eu/documents/10180/935392/EBA-CP-2014- 47+%28CP+on+draft+RTS+on+Notifications+and+notice+of+suspension%29.pdf.