European Union:
European Central Bank Publishes Best Practices For Eurozone Recovery Plans
25 July 2018
Shearman & Sterling LLP
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On July 3, 2018, the ECB published a report on recovery plans.
The ECB is responsible for direct prudential supervision of certain
significant banks based in the Eurozone as part of the Single
Supervisory Mechanism. Under that remit, the ECB has analyzed the
recovery plans of numerous Eurozone banks. The report sets out the
ECB's experience of that process and best practices that have
been adopted by some banks. The report is intended to assist
Eurozone banks to improve their recovery planning, although the
report itself is restricted to the recovery plans of significant
institutions.
The ECB's report is available at: https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.reportrecoveryplans201807.en.pdf?fa1ecc99e42
320376eafda8cba80327e.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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