EBA launches discussion paper on enhancing competent authorities’ supervisory powers
6 July 2020
On June 26th 2020, the European Banking Authority (EBA) published a discussion paper whose subject refers to enhancing the Bank Recovery and Resolution Directive (BRRD) framework on early intervention measures.
Thus, the objective is to further enhance the crisis management tools that are available for competent authorities in addition to the supervisory powers laid down in the Capital Requirements Directive (CRD) and in the Single Supervisory Mechanism Regulation (SSMR).
This article provides further insight on the Discussion Paper (DP) in which EBA presents some significant implementation issues in regards to the early intervention measures (EIMs).