Κατευθυντήριες Γραμμές ΕΑΤ

Under the Bank Recovery and Resolution Directive (BRRD) on crisis prevention, management and resolution, the EBA is mandated to develop a wide range of Technical Standards, Guidelines and Reports with the aim of ensuring effective and consistent procedures across the Union, in particular with respect to cross-border financial institutions. The ultimate objective of the BRRD framework is to enhance financial stability, reduce moral hazard, protect depositors and critical financial services, save public money and ensure the smooth functioning of the internal market for financial services.

To fulfil its role of monitoring the implementation of the BRRD, national authorities must notify the EBA οf compliance with each of the Technical Standards, Guidelines and Reports as well as of any resolution actions taken.

Central Bank of Cyprus as the National Resolution Authority fully endorses and comply with the EBA Technical Standards, and Guidelines issued from time to time.