Analyzing, Assessing and Determining Critical Functions and Relevant Credit Institutions within the Banking Resolution Regulatory Frame – Proposal for a Practical Approach

The 2014 framework for the recovery and resolution of credit institutions and investment firms led by the Directive 2014/59/EU of the European Parliament and of the Council introduces the concept of critical functions and the requirement for resolution authorities to identify and ensure their continuance in case of resolution; however the guidelines on how to determine these critical functions (including advice in secondary legislation and other technical guidelines) are very broad, leaving room for ambiguity, different approaches and non-comparable results.
This paper proposes a practical methodology for identifying the critical functions and the relevant credit institutions within the BRR Directive framework.

  Analyzing, Assessing and Determining Critical Functions and Relevant Credit Institutions within the Banking Resolution Regulatory Frame - Proposal for a Practical Approach (782.8 KiB, 167 hits)

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