The European Banking Authority (EBA) publishes today its first binding mediation decisions between two resolution authorities, the Single Resolution Board (SRB) and the National Bank of Romania (NBR). The decisions were issued following a request from the NBR for the EBA to assist in settling a dispute with the SRB concerning the resolution planning for two banking groups.
The EBA's decisions aim at settling the dispute between the SRB and NBR by providing them with a framework within which they can move forward with their resolution planning for the groups and decide on their next steps in line with the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR). The binding decisions were adopted following an attempt to find a settlement between the authorities with the EBA acting as mediator.
The text published today applies in relation to both banking groups as the underlying facts and issues were similar in both cases. The decisions req
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