Debt Office in joint letter to EBA on rulebook for banking crisis management

News 9 May 2025

In a joint letter to the European Banking Authority (EBA), the Swedish National Debt Office and other Nordic resolution authorities have called for simplifying the rulebook for banking crisis management.

The Debt Office, together with the other resolution authorities in the Nordic region, has sent a joint letter to the EBA on the need for a banking crisis management rulebook that is more straightforward without jeopardising financial stability.

The EU-wide Banking Recovery and Resolution Directive (BRRD) has improved the prospects for resolution authorities to manage banks in crisis. Nevertheless, the endeavour to create a comprehensive harmonised rulebook has led to a highly detailed and complex regulatory framework.

The key message of the letter is that a more principal-based and risk-oriented framework with a lower level of detail would provide resolution authorities with better conditions for improving their operational readiness to manage banks in crisis, as well as direct resources towards the areas of greatest significance for financial stability.

Read the letter in full: Nordic Resolution Authorities Letter on Simplification