EBA is consulting on two draft Regulatory Technical Standards (RTS) relating to recovery plans. The RTS cover:
- what supervisors should assess when reviewing recovery plans. EBA aims to set out a common approach across supervisors which should also help assessments of group plans; and
- what scenarios recovery plans should cover. The draft RTS set out a number of events which banks should take into account but leave them to design scenarios specific and appropriate to their business.
EBA asks for comments by 20 August. (Source: EBA Consults on Recovery Plans)