Page 30 - 2013.2802_Web1

Version HTML de base

E U R O P E A N B A N K I N G A U T H O R I T Y
28
Crisis management in supervisory colleges
The EBA is mandated by its founding regula-
tion to contribute to, and to actively participate
in, the development of effective and consistent
recovery plans in the EU. In 2012, the EBA be-
gan attending a broad range of Crisis Manage-
ment Groups (CMGs) and cross-border stability
groups (CBSGs) for major European banking
groups. In carrying out this role, the EBA sought
to give guidance to competent authorities on
the development of robust crisis management
procedures with the majority of work devoted
to the completion of group-wide recovery plans
of those banks which met the FSB definition
of systemically important financial institutions
(G-SIFIs) and, to a lesser extent, on resolution
planning for those institutions.
An additional area of activity in the 2012 ac-
tion plan was the assessment of supervi-
sory colleges’ arrangements for dealing with
emergency situations whereby colleges were
requested to coordinate and communicate the
existence of frameworks for the planning and
coordination of supervisory activities during
crisis situations. The number of such frame-
works increased significantly after the EBA’s
engagement with the relevant competent au-
thorities, where the EBA provided guidance
based on the college guidelines.
While the initial focus of the crisis manage-
ment work in 2012 was on G-SIFI institutions,
the EBA considered that the preparation of
recovery plans should be expanded to other
major European banks and, in the second half of
2012, commenced a process to adopt a formal
recommendation to national competent au­
thorities in this regard. This recommendation
will seek to ensure that the major EU cross-
border banks develop group recovery plans by
the end of 2013. This initiative also requests
that all supervisory colleges discuss the de-
velopment of these plans within the college
framework and this will be an area of attention
over the coming year.
Austria
Baltic countries
Belgium
Denmark
France
Germany
Greece
Hungary
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
United Kingdom
0
2
4
6
8
10
12
14
16
18
Figure 6: Number of college meetings attended by EBA staff — distribution per home country
Crisis management groups (CMGs)
CMGs comprise the consolidating and key host authorities that
are material to the resolution of a group. They are established
with the objective to enhance preparedness for and facilitate the
management and resolution of a cross-border financial crisis
affecting institutions.
Cross-border stability group (CBSG)
A group which involves all relevant supervisory authorities,
ministries, ECB/central banks from different Member States
with the objective to enhance preparedness in normal times and
which may facilitate the management and resolution of a cross-
border financial crisis.
G-SIFIs
These are global financial institutions whose distress or
disorderly failure would cause significant disruption to the wider
financial system and economic activity, because of their size,
complexity and systemic interconnectedness.
Recovery plans
Recovery plans are developed by the institutions themselves to
identify options to maintain or to restore financial strength and
viability when the institution comes under severe stress.