Regulatory Alerts2025-07-23
Added · Updated
Bank Recovery Plan Regulation (BaSaPV)
The Austrian Financial Market Authority issued the Bank Recovery Plan Regulation to specify the content and detail level of recovery plans for banks not directly supervised by the ECB. The regulation establishes a four-tier categorization system based on asset size and business complexity, mandating proportional requirements for scenarios and financial indicators in each category. It further defines strict timelines for the initial submission and periodic updates of these plans to ensure ongoing regulatory compliance.
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