Draft Regulatory Technical Standards and （监管技术标准和草案）.pdf

EBA/RTS/2015/12 EBA/GL/2015/21 17 December 2015 Final Report Draft Regulatory Technical Standards and Guidelines on business reorganisation plans under Directive 2014/59/EU ( BRRD) FINAL REPORT ON BUSINESS REORGANISATION PLANS Contents 1. Executive Summary 3 2. Background and rationale 4 3. Draft regulatory technical standards on the content of the business reorganisation plan and the progress reports 8 4. Guidelines on the minimum criteria to be fulfilled by a business reorganisation plan 15 5. Accompanying documents 25 Views of the Banking Stakeholder Group (BSG) 33 Feedback on the public consultation 33 2 FINAL REPORT ON BUSINESS REORGANISATION PLANS 1. Executive Summary The Bank Recovery and Resolution Directive (BRRD) 1 entrusts resolution authorities with a set of tools and powers to intervene in a non-viable institution. Where the resolution authority applies the bail-in tool to recapitalise an institution under resolution, the BRRD requires that the management body or the person or persons appointed to operate the institution draw up and submit to the resolution authority a business reorganisation plan that restores the institution’s long-term viability. Twice annually the management body should submit a progress report. The business reorganisation plan is to be assessed by the resolution authority in agreement with the