Final Report
EBA/GL/2021/11. 09/11/2021. Final Report Guidelines on recovery plan indicators under Article 9 of Directive 2014/59/EU. GUIDELINES ON RECOVERY PLAN INDICATORS. Contents Executive summary 3. Next steps 4. Background and rationale 5. Changes to the minimum list of recovery plan indicators 5. Additional guidance on the calibration of recovery plan indicator thresholds 6. Additional guidance on breaching and monitoring of recovery plan indicators 8. Guidelines 10. 1. Compliance and reporting obligations 11. 2. Subject matter, scope and definitions 12. Scope of application 12. Addressees 12. Definitions 13. 3. Implementation 13. Date of application 13. Repeal 13. 4. Setting the framework of recovery plan indicators 14. Categories of recovery plan indicators 14. Requirements for the calibration of recovery plan indicators 15. Actions and notifications upon breaching an indicator 17. Arrangements for monitoring recovery plan indicators 18.
European recovery and resolution framework and essential to ensuring proper crisis preparedness. The role of recovery plans is to ensure that credit institutions and investment firms consider in advance which corrective actions they could effectively take in situations of stress to restore their financial and business viability.
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