On July 18, 2014, the EBA published the following which are required under the Banking Recovery and Resolution Directive (“BRRD”):
- final draft RTS on the content of recovery plans which must include a summary, information on governance, strategic analysis, a communication plan and a description of preparatory measures;
- final draft RTS on criteria to be applied by a national authority when assessing a recovery plan for completeness, quality and credibility; and
- guidelines on the range of scenarios which firms should use to test the adequacy of the options included in their recovery plans.
The documents are available at: http://www.eba.europa.eu/-/eba-publishes-finaldraft-technical-standards-and-guidelines-on-recovery-plans.