Bank of Portugal issued Notice No. 2/2024 to revoke and replace Notice No. 3/2015 regarding the preparation and submission of recovery plans by credit institutions. This update incorporates recent regulatory developments and practical experience gained from the implementation and evaluation of recovery plans. The notice applies to banks and other credit institutions, mandating adherence to updated prudential standards for financial stability.
Revokes and replaces Bank of Portugal Notice No. 3/2015 of November 2, taking into account the regulatory developments that have occurred in recent years and the experience acquired in the meantime with the development, implementation, and evaluation of recovery plans.
In force
DR, 2nd Series, Part E, No. 54, of 15-03-2024
Law No. 5/98 of 31-01; Decree-Law No. 298/92 of 31-12
15-03-2024
16-03-2024
Parent Company, Financial Group, Prudential Standards, Recovery Plan, Information Reporting, Supervision, Consolidated Supervision
Credit Institutions
Banks, Central Credit Cooperative Savings Bank, Agricultural Credit Cooperative Savings Banks, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions
Notice No. 3/2015
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