Supervision release 28 October 2015 – 42/2015

Entry into force of a Recommendation and Guidelines on the development of recovery plans and early intervention

​The Financial Supervisory Authority implements the following Guidelines and Recommendation of the European Banking Authority (EBA)

  • Recommendation of the European Banking Authority, dated 23 January 2013, on the development of recovery plans (EBA/REC/2013/02) 
  • Guidelines of the European Banking Authority, dated 18 July 2014, on the range of scenarios to be used in recovery plans (EBA/GL/2014/06)
  • Guidelines of the European Banking Authority, dated 23 July 2015, on the minimum list of qualitative and quantitative recovery plan indicators (EBA/GL/2015/02)
  • Guidelines of the European Banking Authority, dated 23 July 2015, on triggers for use of early intervention measures pursuant to Article 27(4) of Directive 2014/59/EU (EBA/GL/2015/03)
  • Guidelines of the European Banking Authority, dated 6 August 2015, on the interpretation of the different circumstances when an institution shall be considered as failing or likely to fail under Article 32(6) of Directive 2014/59/EU (EBA/GL/2015/07)


The Guidelines and the Recommendation of the European Banking Authority have been issued to supervised entities within the scope of the Act on Resolution of Credit Institutions and Investment Firms (1194/2014) and the national supervision authority. The Guidelines are applicable to all authorised credit institutions and investment firms that trade in financial instruments on their own account or underwrites issues in accordance with the Act on Investment Firms, as well as an amalgamation of deposit banks.

The Recommendation and the two first Guidelines in the list enter into force on 1 November 2015. The two last Guidelines enter into force on 1 January 2016.

For further information, please contact:

  • Raimo Husu, Legal Advisor, tel. +358 10 831 5282 or raimo.husu(at) fiva.fi
  • Johanna Örndahl, Legal Advisor, tel. +358 10 831 5306 or johanna.orndahl(at)fiva.fi

Attachments

Regulations and guidelines 2/2015: Development of recovery plans and early intervention.