Regulatory Alerts2024-09-06
Guidance Notice External Bail-in Execution (Amendments)
The Federal Financial Supervisory Authority (BaFin) issued this updated guidance notice to standardize the external bail-in implementation process for German financial entities subject to the SRMR and SAG. The document details comprehensive domestic and ICSD-specific task sequences, specifying technical scenarios for converting and writing down instruments of ownership and bearer bonds while outlining suspension and resumption protocols for trading and payments. It provides standardized calculation examples, positive lists for discretionary exclusions, and updated sample templates to ensure consistent booking of bail-in measures in participants’ accounts and final write-up procedures.
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