Regulation on the Application of Guidelines on the Range of Scenarios for Recovery Plans

THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE  Official Gazette of the Republic of Slovenia, No. 47/15 of 30 June 2015 (in force since 1 July 2015) Pursuant to the third paragraph of Article 13 of the Banking Act (Official Gazette of the Republic of Slovenia, No 25/15; hereinafter: the ZBan-2) and the first paragraph of Article 31 of the Bank of Slovenia Act (Official Gazette of the Republic of Slovenia, Nos 72/06 [official consolidated version] and 59/11), the Governing Board of the Bank of Slovenia hereby issues the following REGULATION on the application of the Guidelines on the range of scenarios to be used in recovery plans
Article 1
(purpose and field of application of guidelines) (1) Pursuant to the first paragraph of Article 16 of Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331 of 15 December 2010, p 12), on 18 July 2014 the European Banking Authority issued the Guidelines on the range of scenarios to be used in recovery plans (hereinafter: the guidelines), which are published on its website. (2) The guidelines referred to in the first paragraph of this article regulate the range of scenarios of severe macroeconomic and financial distress that should be included by institutions in their recovery plans, including system-wide events and stress specific to individual credit institutions and groups, and the requirement to disclose the impact of these effects on the available capital and available liquidity, risk profile, profitability, operations and reputation of the credit institution for the purposes of the sixth paragraph of Article 5 and the sixth paragraph of Article 7 of Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173 of 12 June 2014, p 190). (3) The guidelines shall apply to institutions as defined in point 3 of the first paragraph of Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (OJ L 176 of 27 June 2013, p 1).
Article 2
(content of regulation and scope of application of guidelines) (1) This regulation sets out the application of the guidelines to banks and savings banks that in accordance with the ZBan-2 have obtained an authorisation to provide banking services in the Republic of Slovenia (hereinafter: banks). (2) Banks shall take full account of the provisions of the guidelines in the preparation of recovery plans.

THIS TEXT IS UNOFFICIAL TRANSLATION AND MAY NOT BE USED AS A BASIS FOR SOLVING ANY DISPUTE
Article 3
(entry into force)
This regulation shall enter into force on the day after its publication in the Official Gazette of the Republic of Slovenia. Ljubljana, 23 June 2015 Boštjan Jazbec President, Governing Board of the Bank of Slovenia