Orientamenti che modificanogli orientamentiEBA/GL/2022/01 destinatiagli enti e alle autorità dirisoluzione per migliorare lapossibilità di risoluzione aisensi degli articoli 15 e 16della direttiva 2014/59/UE(orientamenti in materia dipossibilità di risoluzione) alfine di introdurre una nuovasezione relativa ai test sullapossibilità di risoluzione

With Note No. 36 dated 13 October 2023, the Bank of Italy has implemented the European Banking Authority’s (EBA) guidelines (EBA/GL/2023/05) to modify previous EBA/GL/2022/01 guidelines aimed at improving resolution possibilities for entities and resolution authorities, please also note EventID# 21692.
This implementation introduces a new section concerning resolution tests.
These guidelines for enhancing resolution possibilities are issued in accordance with Articles 15 and 16 of Directive 2014/59/EU (BRRD), which establishes a framework for the recovery and resolution of credit institutions and investment firms.
The guidelines apply to banks (both significant and less significant) and investment firms subject to the assessment of resolution possibilities under Articles 15 and 16 of BRRD. They do not apply to entities whose resolution plan involves orderly liquidation under applicable national law.
The Bank of Italy has informed the EBA of its intention to comply with these guidelines, thus giving them the status of supervisory guidance.
These guidelines apply from 1 January 2024.
In the event of a change in strategy, especially a transition from liquidation to resolution, the guidelines will apply within three years from the approval date of the resolution plan with the new resolution strategy, except for section 4.6, which applies within one year from that date.