2017-11-01

Added 2026-09-25

Recommendation on the coverage of entities in a group recovery plan

Union parent undertakings must identify all group entities and branches within the scope of prudential consolidation and classify them as group-relevant, locally relevant, or not relevant. Group-relevant entities require extensive coverage in all sections of the group recovery plan, while locally relevant entities must be addressed primarily regarding the preservation of critical functions, and non-relevant entities require only a general description. Material branches, including those designated as significant-plus under EBA-GL-2017-14, must be covered proportionately either as part of their legal entity or independently. These recommendations apply from 1 January 2018, with an adjustment phase allowing the use of existing individual plans to migrate information to the group level for the first submission after this date.

European Union

European Banking Authority

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EBA/Rec/2017/02
1 November 2017
Final Report on
Recommendation on the coverage of entities in a group recovery plan

RECOMMENDATION ON THE COVERAGE OF ENTITIES IN A GROUP RECOVERY PLAN Contents Executive summary 3 Background and rationale 5

1. Compliance and reporting obligations 9
2. Subject matter, scope and definitions 10
3. Implementation 11
4. Identification of group entities 11
5. Classifying entities and branches 12
6. Coverage of entities in the group recovery plan 14
   6.1 Group-relevant entities 14
   6.2 Locally relevant entities 16
   6.3 Entities not relevant for the group or the economy of a Member State 17
7. Monitoring coverage of group entities 18
8. Accompanying documents 20
   8.1 Draft cost-benefit analysis / impact assessment 20
   8.2 Overview of questions for consultation 23
   8.3 Feedback on the public consultation 24

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Source: European Banking Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works