Regulatory Alerts2023-04-25
Declaration of Compliance with the European Banking Authority Guidelines Complementing the Resolution Assessment for Banks with a Transfer Strategy (EBA/GL/2022/11)
The French Prudential Supervision and Resolution Authority formally declares compliance with the European Banking Authority guidelines (EBA/GL/2022/11) that supplement resolution assessments for banks employing transfer strategies. These guidelines establish clear expectations for resolution authorities and institutions regarding the definition of transfer perimeters, the assessment of their separability from the broader entity, and the operational preparation required to execute transfers. The document confirms that these requirements apply to all financial institutions and competent authorities as defined in Regulation (EU) No 1093/2010.
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