Regulatory Alerts2020-09-01
Added · Updated
Provisions on Recovery Plans
The Bank of Italy establishes implementing provisions for the minimum content of individual and group recovery plans for banks and SIMs, including simplified drafting methods for less significant banks and SIMs meeting specific quantitative thresholds. Entities must update their plans annually or biennially and submit them to the supervisory authority by April 30, with specific notification deadlines for quantitative scores and qualitative assessments communicated by January 15 each year. The provisions enter into force the day after publication on the Bank of Italy's website.
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