Regulatory Alerts2026-07-28
Added · Updated
Bank Recovery and Resolution Act (BaSAG)
The Bank Recovery and Resolution Act establishes the legal framework for the recovery and resolution of institutions, CRR-financial institutions, and various holding companies in Austria. It mandates the preparation of recovery and resolution plans, assesses resolvability, and defines the powers of the resolution authority to intervene, including the use of tools such as bail-in, bridge institutions, and asset separation. The legislation also sets out requirements for minimum own funds and eligible liabilities, resolution financing arrangements, and cross-border cooperation mechanisms.
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