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On December 19, 2014, the EBA issued a consultation paper which includes draft RTS on procedures, notifications and notices of suspension under the BRRD.
On December 19, 2014, the EBA issued a consultation paper which
includes draft RTS on procedures, notifications and notices of
suspension under the BRRD. The draft RTS state amongst other items
that: (i) where an entity is considered by its management body to
be failing, the national competent authority should be notified;
and (ii) national competent authorities should inform resolution
authorities of any notifications received from an entity. The
consultation closes on March 20, 2015.
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guide to the subject matter. Specialist advice should be sought
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