The Single Resolution Board has today published a new set of documents to give operational guidance to banks on the implementation of the bail-in tool
The documents include guidance on bail-in playbooks and instructions for bail-in data sets, which are accompanied by an explanatory note.
These documents were developed by the SRB, in close collaboration with the National Resolution Authorities.
The
documents are not a new set of SRB policies, but rather a guide to help
banks ensure the required preparation for bail-in application during
the resolution planning phase and to fulfill the SRB Expectations for Banks, which is to ensure resolvability.
Speaking on the day of the launch, SRB Chair Elke König said, “Today’s publication is a follow-up to the SRB Expectations for Banks
document we published earlier this year. With these documents we give
banks additional guidance, so that that they can proceed with the
necessary operational steps to become prepared for a potential bail-in
event.”
The documents
are available the SRB’s website and cover topics such as the
identification of instruments, internal and external execution
processes, and the provision of bail-in data points.
SRB
© Single Resolution Board
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