Monday March 30, 2020

EBA ramps up pressure on banks to prepare 'living wills'

The authority is pushing for all cross-border banks in the EU to prepare plans for restructuring or liquidation in the event of their failure, writes Jon Ihle.

17th March, 2013
Adam Farkas, executive director of the EBA.

The European Banking Authority (EBA) is picking up the tempo in its efforts to get all cross-border banks in the European Union to prepare so-called 'living wills' for restructuring or liquidating failing banks.

The EBA has already set a deadline of this month for national regulators to disclose which of the institutions under their supervision will be participating in the exercise. Last week, it opened a consultation on technical standards that will apply to the...

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