Regulatory Alerts2023-08-23
Added · Updated
DNB applies proportionality to recovery plans of small and medium-sized banks
Small and medium-sized banks (less significant institutions) may qualify for simplified recovery plan obligations based on an annual eligibility assessment. Banks scoring above 105 basis points, or those classified as high-impact or likely to be taken into resolution, are excluded from these simplifications. Eligible banks submit simplified plans by 31 December of the year they receive their SREP decision, with DNB assessing the plan within six months and allowing two months for resubmission if quality is insufficient.
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