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    EC Regulation Amends Forms and Templates on Resolution Planning

    March 04, 2022

    The European Commission (EC) published the Implementing Regulation 2022/365, which sets out implementing technical standards on procedures and standard forms and templates for information provision on resolution plans for credit institutions and investment firms. Regulation 2022/365 amends Regulation 2018/1624, pursuant to the Bank Recovery and Resolution Directive or BRRD (2014/59/EU). Regulation 2022/365 shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union—that is, on March 24, 2022.

    The revised BRRD (BRRD 2: Directive 2019/879) introduced certain amendments to the minimum requirement for own funds and eligible liabilities. Information on institutions’ capacity to meet this requirement is, to a limited extent, also considered in the context of resolution planning. In this context, Regulation 2018/1624 is being amended as follows:

    • Template Z 02.00 in Annex I is being replaced by template Z 02.00 in Annex I of Regulation 2022/365. This template requires granular information on the liability structure of the entity or group. Liabilities are broken down by liabilities excluded from bail-in and liabilities not excluded from bail-in. Further breakdowns by liability classes, counterparty classes, and maturity are provided.
    • Template Z 03.00 in Annex I is being replaced by template Z 03.00 in Annex I of Regulation 2022/365. This template gathers information on the own funds requirements for an entity or a group. All information reported shall reflect the own funds requirements applicable at the reporting reference date.
    • Annex II on general instructions is being replaced by the text in Annex II of Regulation 2022/365.

     

    Related Link: Regulation 2022/365

     

    Keywords: Europe, EU, Banking, Reporting, Basel, Regulatory Capital, Implementing Technical Standards, Resolution Framework, BRRD, EC, Resolution Planning, Regulation 2022 365, Headline

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