Subject matter

These guidelines specify, having regard to Article 10 (5) and 11 (1) of Directive (EU) 2014/59⁵ the actions that institutions and resolution authorities should take to improve resolvability of institutions including entities referred to in Article 1(1) (“institutions”) , groups or resolution groups in the context of the resolvability assessment as per Articles 15 and 16 of that Directive, specifically when the transfer tools are foreseen in the resolution strategy.

⁵ Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014, establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (OJ L 173 12.6.2014, p. 190).

These guidelines should be read together with Guidelines 2022/1 of 13 January 2022 on improving resolvability for institutions and resolution authorities under Articles 15 and 16 Directive 2014/59/EU (“EBA Resolvability guidelines”).