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Europe Daily Bulletin No. 11896

3 November 2017
Contents Publication in full By article 11 / 23
ECONOMY - FINANCE - BUSINESS / Banks
EBA recommends proportionate approach on coverage of entities in recovery plans
Brussels, 02/11/2017 (Agence Europe)

On Wednesday 1 November, the European Banking Authority (EBA) published its final recommendation on the identification of entities covered by recovery plans of bank groups, calling on the competent authorities to adopt a proportionate approach.

According to the European authority, evaluations of groups' recovery plans in recent years has shown that these are often drawn up from the point of view of the parent company, irrespective of the level of decentralisation of the group. Consequently,...

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