EBA streamlines resolution planning reporting
The European Banking Authority (EBA) has published updated final draft technical standards aimed at making resolution planning reporting simpler, clearer, and more consistent across the EU. Released last week, the revised Implementing Technical Standards (ITS) seek to harmonise existing arrangements, with the goal of cutting redundancy and easing the compliance burden on institutions.
The update introduces a modular “core-plus-supplement” approach, to help tailor reporting obligations to the size and complexity of institutions. With crisis preparedness and resolution policies evolving fast, having high-quality, non-duplicative data is critical. And the promise of integrated IT solutions should make compliance smoother. The ITS on procedures, standard forms and templates for the provision of information for the purpose of resolution planning allows resolution authorities to acquire information about an institution for the purpose of drawing up a resolution plan.
Explore the announcement and technical package here.
