Regulatory Alerts2023-01-16
Order on Recovery Plans for Credit Institutions, Mortgage Credit Institutions, Ship Finance Institutions and Investment Firms
The Danish Financial Supervisory Authority issued this order to implement the EU Bank Recovery and Resolution Directive, establishing detailed requirements for recovery plans for credit institutions, mortgage credit institutions, ship finance institutions, and investment firms. The regulation mandates specific content for these plans, including stress scenarios, quantitative and qualitative indicators, and simplified procedures for smaller or non-systemically important entities. It further defines strict submission deadlines, update obligations, and supervisory oversight mechanisms to ensure financial stability.
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