BaFin Consults on Reporting of Information on Resolution Planning
BaFin issued a circular and consultation 03/2019 on reporting of information on resolution planning. The communication from BaFin is addressed to all institutions and EU parent companies under the direct responsibility of BaFin as the national resolution authority. The communication states that BaFin will inform all institutions and EU parent companies what information they have to submit. In case an institution or a parent company has not been informed, it can assume that no templates and no further information are to be provided. Comments are requested by March 04, 2019.
The circular describes the administrative practice of the Federal Agency related to Implementing Regulation (EU) 2018/1624, which lays down implementing technical standards on procedures, standard forms, and templates for the provision of information for the preparation of resolution plans for credit institutions and investment firms. The implementing regulation sets out the timeline and format for the information to be provided by institutions and EU parent companies. Article 3(1) of the implementing regulation provides that the information required in the notification forms set out in Annex I to the implementing regulation must be provided. In addition, BaFin may also request further information that is not contained in the registration forms (Article 7 implementing regulation).
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Comment Due Date: March 04, 2019
Keywords: Europe, Germany, Banking, Reporting, Resolution Planning, Consultation 03/2019, BaFin
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