27 October 2022

The European Banking Authority (EBA) published today the European Resolution Examination Programme (EREP) for 2023, which identifies key topics for resolution attention across the European Union. The EREP is aimed at shaping resolution authorities` work priorities and respective practices.

In line with its mission, the EBA proactively drives convergence in resolution practices through the selection of topics deserving European traction. In doing so, the EBA builds on its expertise in EU-wide policy development, its role in colleges, as well as resolution authorities’ practical experience.

Resolution authorities are expected to consider the following key topics when developing their 2023 priorities:

  • how MREL shortfalls are being addressed;
  • the development of management information systems for valuation in resolution;
  • preparations for managing liquidity needs in resolution;
  • Operationalisation of the bail-in strategy.

The EBA will follow up on how these key topics , are i) embedded in resolution authorities’ priorities for 2023 as well as ii) reflected in their respective activities throughout the year. The topics identified in the EREP are also relevant for the EU resolution colleges. Engagement between home and host college members on these issues will enhance convergence of activity in the context of cross-border banking groups.