The Commission has adopted a Delegated Regulation regarding various regulatory technical standards (RTS) supplementing the Bank Recovery and Resolution Directive (BRRD). The RTS relate to the:

  • content of recovery plans, resolution plans and group resolution plans;
  • minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans;
  • conditions for group financial support;
  • requirements for independent valuers;
  • contractual recognition of write-down and conversion powers;
  • procedures and contents of notification requirements and of notice of suspension; and
  • operational functioning of the resolution colleges.

(Source: Commission adopts recovery and resolution RTS under BRRD)