Regulatory Alerts2024-11-25 | NBB_2024_17Added · Updated
Circular NBB_2024_17 / EBA Guidelines on crisis management
The National Bank of Belgium repeals Circular NBB_2023_06 and integrates EBA crisis management guidelines into its supervisory and resolution practices for Belgian credit institutions and securities firms. The circular mandates adherence to new EBA guidelines on recovery plan indicators, scenarios, and simplified obligations, while establishing specific triggers for early intervention measures and conditions for group financial support. It further details resolvability assessment requirements, including mandatory biennial self-assessments and master playbooks, and provides interpretative guidance on resolution tools such as the sale of business, asset separation, and internal bail-in conversion rates.
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