BaFin published a consultation on the minimum requirements for recovery planning, for banks and investment firms, implementing Bank Recovery and Resolution Directive, or BRRD, (Directive 2014/59/EU) and Commission Delegated Regulation (EU) 2016/1075. BaFin also published a brochure on recovery planning, which was developed jointly with the Deutsche Bundesbank. BaFin will accept comments until September 29, 2017.
All financial institutions that are subject to the Capital Requirements Regulation (CRR) must draw up a recovery plan, pursuant to section 12 (1) of the Recovery and Resolution Act. For different institutions, the supervisory authority may specify simplified or specific requirements for recovery planning, or may even release an institution from recovery planning.
- Press Release (in German)
- Recovery and Resolution Act (in German)
- Consultation (in German)
- CDR 2016/1075 (PDF)
- BRRD (PDF)
Comment Due Date: September 29, 2017
Keywords: Europe, Germany, Banking, Minimum Requirements, Recovery Planning, BRRD, CDR 2016/1075, BaFin
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