Regulatory Technical Standards on resolution colleges
- Status: Adopted and published in the Official Journal of the EU
These Regulatory Technical Standards (RTS) specify the operational functioning of the resolution colleges that are to be established for those banking groups that operate on a cross-border basis within the European Economic Area (EEA). These RTS are based on specific requirements laid down in the Bank Recovery and Resolution Directive (BRRD), which provides a common resolution regime across the EU aimed at allowing home and host authorities to deal with failing institutions and cooperate in the process of resolution planning.