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ARTICLE · 18 JULY 2016

Delegated Regulation On Recovery And Resolution Planning Under BRRD Published In OJ

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The Delegated Regulation was adopted by the Commission on March 23, 2016. It comes into force twenty days after publication in the OJ and as such on July 28, 2016.

European UnionFinance and Banking
Amy Roper
Amy Roper
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On July 8, 2016, the Commission Delegated Regulation ((EU) 2016/1075) supplementing the Bank Recovery and Resolution Directive (2014/59/EU) ("BRRD") on recovery and resolution planning, was published in the Official Journal of the EU ("OJ"). The Delegated Regulation details regulatory technical standards ("RTS') outlining the following:

  • the content of recovery plans, resolution plans and group resolution plans;
  • the minimum criteria that the competent authority is to assess regarding recovery plans and group recovery plans;
  • the conditions for group financial support;
  • the requirements for independent valuers;
  • the contractual recognition of write-down and conversion powers; and

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