EBA Publishes Handbook on Valuation for Purposes of Resolution under BRRD

  On February 22, the European Banking Authority (“EBA“) published its handbook on valuation for purposes of resolution under the Bank Recovery and Resolution Directive (2014/59/EU) (“BRRD“). The handbook is addressed to EU resolution authorities and is intended to be a support document relating to valuations requested before resolution and after resolution under Articles 36 and 74 of the BRRD respectively. The handbook is non-binding and is subordinate to the text of the BRRD itself and regulatory technical standards (“RTS“) relating to valuations under the BRRD set out in Commission Delegated Regulation (EU) 2018/344 and Commission Delegated Regulation (EU) 2018/345. Although the handbook covers all types of valuations to be performed for the purposes of resolution, it focuses on the valuation informing resolution authorities’ decision on the adoption of the resolution tool(s) (referred to by the EBA as “Valuation…

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