Regulatory Alerts2019-06-27
Added · Updated
Circular on the issuance of new Banking Rule BR/20 on Recovery Plans for Credit Institutions
The Authority issues new Banking Rule BR/20, which provides guidance to credit institutions and groups regarding recovery plan scenarios, minimum qualitative and quantitative indicators, group coverage, and simplified obligations. The Rule implements specific European Banking Authority guidelines and recommendations, including Annex I, Annex II, and Annex III, to define recovery plan indicators and group planning requirements. This new Rule comes into force with immediate effect and prevails over the Circular in case of conflict.
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