Topic
Resolution Planning
212 published works
The CLS Blue Sky Blog
Cleary Gottlieb Discusses Fed’s Proposed Resolution-Planning Rules Overhaul
On April 8, 2019, the Federal Reserve proposed a broad overhaul of the 2011 regulations governing resolution planning (the “Proposal”)[1], which would significantly reduce the frequency of submissions and simplify…
Global Regulation Tomorrow
Brexit: SRB position paper
On 29 March 2019, the Single Resolution Board (SRB) published a position paper setting out its expectations as regards the resolvability of banks in the context of Brexit. The position…
Global Regulation Tomorrow
EBA handbook on valuation for purposes of resolution under BRRD
The Bank Recovery and Resolution Directive and the Single Resolution Mechanism Regulation require that resolution authorities, before taking resolution action or exercising the power to write down or convert relevant…
Banking, Finance and Securities
Bank of England consultations on resolvability assessment framework
On 18 December 2018, the Bank of England (BoE) and the PRA published proposals on a bank resolvability assessment framework package which is designed to ensure that banks are accountable…
Banking, Finance and Securities
EBA draft handbook on valuation for purposes of resolution
On 23 November 2018, the European Banking Authority published a draft handbook on valuation for purposes of resolution, with a view to operationalising the valuation process in order to facilitate…
Banking, Finance and Securities
BoE guidance on implementation of valuation capabilities to support resolvability SoP
By Hannah Meakin (UK), Imogen Garner (UK)
On 20 November 2018, the Bank of England (BoE) published a letter (dated 19 November 2018) sent to chief finance officers (CFOs) of firms within scope of its statement of…
Banking, Finance and Securities
SRB issues 2018 MREL policy
On 20 November 2018, the Single Resolution Board (SRB) published its 2018 minimum requirement for own funds and eligible liabilities (MREL) policy for the first wave of resolution plans. This…
Banking, Finance and Securities
FSB seventh report on implementation of resolution reforms
By Hannah Meakin (UK), Charlotte Henry
On 15 November 2018, the Financial Stability Board (FSB) published its seventh progress report on the implementation of resolution reforms (the Report). The Report provides an overview of the progress…
Banking, Finance and Securities
SRB publishes 2019 work programme
On 12 November 2018, the Single Resolution Board (SRB) published its work programme for 2019. The SRB is the central resolution authority within the EU. Together with the national resolution…
Banking, Finance and Securities
Implementing Regulation on ITS on reporting for resolution plans under BRRD published in OJ
On 7 November 2018, there was published in the Official Journal of the EU (OJ) Commission Implementing Regulation 2018/1624 laying down implementing technical standards with regard to procedures and standard…