Regulatory Alerts2023-11-27
Circular Letter No. CC/2023/00000043 on EBA Recovery Plans
Banco de Portugal issued Circular Letter No. CC/2023/00000043 to credit institutions, mandating the adoption of specific European Banking Authority guidelines and recommendations regarding recovery plans. The directive requires entities to implement standards for recovery plan scenarios, group coverage, recovery indicators, and global recovery capacity planning. This measure ensures alignment with consolidated supervision standards and prudential norms for financial groups.
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