EBA issues final guidance on recovery indicators has been saved
EBA issues final guidance on recovery indicators
On 6 May 2015, the European Banking Authority (EBA) published its final Guidelines on indicators for the recovery and resolution plans of credit institutions and investment firms across the EU.
The EBA Guidelines establish the requirements that institutions across the EU should follow when developing their recovery plans.
The minimum list that institutions should include in their plans should be composed of, both qualitative and quantitative, indicators grouped into different categories such as capital, liquidity, profitability and asset quality. The national competent authorities have to ensure that credit institutions have put in place appropriate and consistent dispositions for the regular monitoring of the indicators.
On top of the minimum list of indicators, the EBA Guidelines furnish a list of additional indicators institutions may want to use.
These Guidelines are addressed to competent authorities and will enter into force on 31 July 2015.