Regulatory Alerts2019-07-01
Implementation of the European Banking Authority Recommendation on the Coverage of Entities within a Group Recovery Plan (EBA/REC/2017/02)
The Prudential Control and Resolution Authority (ACPR) has declared conformity with the European Banking Authority Recommendation EBA/REC/2017/02 regarding the coverage of entities within a group recovery plan. This recommendation is annexed to the ACPR's opinion and becomes applicable to credit institutions supervised by the ACPR starting from June 30, 2019. These institutions are required to take all necessary measures to comply with the recommendation in accordance with Article 16 of Regulation (EU) No 1093/2010.
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