000			01969nam a22001697a 4500
008			221222s2019 xxk|||||o|||| 00| 0 eng d
041			_aeng
245			_aHandbook on valuation for the purposes of resolution _h[Electronic resource]
260			_aParis, _bEuropean Banking Authority, _c22 February 2019
300			_a97p
520			_aThe Handbook, which is addressed to national and EU resolution authorities, aims at fostering the convergence and consistency of valuation practices as well as the interaction with independent valuers across the EU. The Handbook, which is the result of close cooperation with national resolution authorities and the Single Resolution Board (SRB) intends to bridge the resolution regulatory approach with the valuation practices, by providing concrete guidance on the practical steps of the valuation process, on the specific valuation criteria applicable to the various resolution tools and, with a view to facilitating the adoption of an informed decision by the resolution authority, by indicating the content that is expected to be included in the valuation report. Whilst the Handbook covers both the valuation before resolution and after resolution (aimed to determine the no creditor worse off), it focuses on the valuation before resolution, thus supporting the resolution decision, which immediately impacts shareholders and creditors. The adoption of the Handbook relies on Article 29(2) of Regulation (EU) No 1093/2010 establishing the EBA. Whilst it is not binding nor subject to comply/explain by the resolution authorities, the Handbook is an instrument to promote convergence of approaches, practices and processes.
651			_aInternational
690			_96273 _aValuation
710			_aEuropean Banking Authority
856			_uhttps://www.eba.europa.eu/sites/default/documents/files/documents/10180/2613666/9f0772ea-a052-49e5-86ce-64c157adff10/Valuation%20Handbook.pdf _zAvailable from the EBA
942			_n0
999			_c121287 _d121287