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ARTICLE · 19 NOVEMBER 2018

European Commission Adopts Revised Implementing Standards For Resolution Reporting

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On October 29, 2018, the EBA announced that it acknowledged the European Commission's adoption of a draft Commission Implementing Regulation ...

European UnionFinance and Banking

On October 29, 2018, the EBA announced that it acknowledged the European Commission's adoption of a draft Commission Implementing Regulation, setting out revised ITS on the procedures and standard forms and templates, to be used to provide information for the resolution plans of credit institutions and investment firms. The Implementing Regulation supplements the Bank Recovery and Resolution Directive and will repeal the existing ITS, reflecting the evolution in the policy and practices applied by authorities in the development of resolution plans for financial institutions. The EBA submitted its final report with final revised draft ITS to the European Commission in April 2018.

The draft Implementing Regulation will now be subject to a three-month scrutiny period by the European Parliament and the Council of the European Union. Assuming no objections have been raised by the colegislators during that period, the Delegated Regulation will then be published in the

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