EBA updates standards to improve resolution planning and cooperation

The European Banking Authority (EBA) has published its updated final draft Regulatory Technical Standards (RTS) on resolution plans and the functioning of resolution colleges. The revisions aim to simplify resolution planning and improve cooperation and coordination among authorities.

Drawing on over a decade of experience and insights from crisis cases and simulations, the EBA has reviewed the RTS adopted in 2016 under Delegated Regulation (EU) 2016/1075. The updates revise the structure and content of resolution plans and strengthen the operational framework for resolution colleges for cross-border groups.

Key changes to the RTS on resolution plans and resolvability assessments include:

• A more consistent and concise set of essential information for plan summaries.
• More proportionate and focused plan content, tailored to each institution or group.
• A clearer separation between resolution strategy selection and resolvability assessment.
• A reorganized resolvability assessment based on seven core dimensions for greater consistency and effectiveness across the EU.

Key updates to the RTS on resolution colleges aim to:

• Simplify processes to reduce administrative burden.
• Improve cooperation and information exchange among authorities involved in planning and execution.
• Strengthen coordination mechanisms for implementing resolution schemes.

The legal basis for these standards is the Bank Recovery and Resolution Directive (BRRD) – Directive 2014/59/EU. The EBA is mandated to specify the content of resolution plans, resolvability assessments, and the operation of resolution colleges under Articles 10, 12, 15, and 88. The original RTS were submitted in 2014 and adopted in 2016.