The European Association of Co-operative Bank (EACB) welcomes the EBA report on the appropriate reference point for setting the target level for resolution financing arrangements and the assessments therein. We are generally supportive of the EBA analysis, however, we note that the change of the reference point at this stage of building-up of the resolution funds might easily lead to more complexity among both institutions and authorities, while at the same time bringing limited value.
The EACB initial reflections on the EBA questions on the appropriate reference point for setting the target level for the BRRD funds are set out below, giving some first industry insight on this topic.
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