Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.4.5.1:5.4.5.1 No assumption of ELA in the resolution plan

Public funding of failing banks in the European Union (LBF vol. 19) 2020/5.4.5.1

5.4.5.1 No assumption of ELA in the resolution plan

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The resolvability assessment of a bank should lead to the situation that it is feasible and credible for the resolution authorities to either wind up a bank (and its group entities) in normal insolvency proceedings or to resolve the bank (or its group) by applying resolution tools and powers without the assumption of ELA or any central bank liquidity assistance provided under non-standard collateralisation, tenor and interest rate terms.1 The resolution plan has to identify how resolution actions could be financed without assuming such public funding.2

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