EBA launches discussion on further enhancing supervisory powers of competent authorities under BRRD

Article summary

The European Banking Authority (EBA) has published a discussion paper exploring ways to enhance the Bank Recovery and Resolution Directive (BRRD) framework on early intervention measures. The objective is to further enhance crisis management tools available for competent authorities in addition to well-established and widely used supervisory powers laid down in the Capital Requirements Directive (Directive 2013/36/EU) (CRD IV) and in the Single Supervisory Mechanism Regulation (Regulation 1024/2013) (SSMR).