Updated guidance on EBA’s guidelines for resolvability, and application report on bail-in tool

News 16 joulukuuta 2022

The Swedish National Debt Office is today publishing an updated guidance document on the European Banking Authority’s (EBA) guidelines on improving resolvability for institutions and resolution authorities (EBA/GL/2022/01). The Debt Office’s guidance serves as a form of support for Swedish banks in how those guidelines should be interpreted and implemented.

The guidance has been updated with information and clarification on, among other things, the playbooks that the institutions should develop in regard to bail-in and communication. Guidance on valuation is published in a separate document.

With this guidance, the Debt Office has specified its view on the implementation of all parts of the EBA’s guidelines. Those guidelines take effect on 1 January 2024 and will from that point on be a key tool for the Debt Office in assessing the banks’ resolvability and identifying substantive impediments to resolution.

In addition to the updated guidance, the Debt Office is publishing a report on the application of the bail-in tool. The report describes how the Debt Office intends to carry out resolution with the use of the bail-in tool. It also aims to facilitate the banks’ planning and preparation for resolution.

English versions of these documents will be available on 3 February 2023.

The updated guidance and the report on the application of the bail-in tool can be found here (in Swedish):

Guidance on resolvability