{"id":4570,"date":"2016-04-21T13:00:07","date_gmt":"2016-04-21T11:00:07","guid":{"rendered":"https:\/\/www.fma.gv.at\/en\/?page_id=4570"},"modified":"2025-07-28T09:14:35","modified_gmt":"2025-07-28T07:14:35","slug":"recovery-planning","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/banks\/recovery-planning\/","title":{"rendered":"Recovery planning"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><p>This article describes how recovery planning looks in principle, as well as explaining which authority is responsible for it. There are also some downloads with explanations relating to the drawing up of recovery plans.<\/p><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3500a925833\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3500a925833\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3500a925833\">        <span>Legal background<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a3500a925833\" class=\"collapse\" aria-labelledby=\"heading-6a3500a925833\">    <div class=\"card-body\"><p><\/p><p>Under Articles 8 to 18 of the <a href=\"https:\/\/www.ris.bka.gv.at\/GeltendeFassung.wxe?Abfrage=Bundesnormen&amp;Gesetzesnummer=20009037\" class=\"external\" target=\"_blank\" rel=\"noopener\">Federal Act on the Recovery and Resolution of Banks (BaSAG &ndash; Bundesgesetz &uuml;ber die Sanierung und Abwicklung von Banken), as published in Federal Law Gazette I 98\/2014<\/a>, credit institutions and groups of credit institutions have been required to draw up recovery plans since 2015. These rules transpose the corresponding provisions of <a href=\"http:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/PDF\/?uri=CELEX:32014L0059&amp;from=DE\" class=\"external\" target=\"_blank\" rel=\"noopener\">Directive 2014\/59\/EU establishing a framework for the recovery and resolution of credit institutions and investment firms, OJ&nbsp;L&nbsp;2014\/190, p. 173<\/a>.<\/p><h3>Drawing up of recovery plans \/ competence<\/h3><p>Credit institutions as defined in the CRR that are not part of a group, are required to draw up their own individual recovery plans. In the case of groups, the EU parent credit institution, the EU parent investment firm, the EU parent financial holding company or the EU parent mixed financial holding company is responsible for the drawing up of a group recovery plan.<\/p><h3>Content of a recovery plan<\/h3><p>The recovery plans are required to explain with which instruments the institution or the group may be able to restore its financial stability in the event that a considerable deterioration of the financial situation occurs. With regard to proportionality, for institutions that are not directly supervised by the European Central Bank, the <a href=\"https:\/\/www.fma.gv.at\/download.php?d=2025\">Regulation of the FMA on Bank Recovery Plans (BaSaPV &ndash; Bankensanierungsplanverordnung), published in Federal Law Gazette II 25\/2015<\/a>, must be observed.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3500a92586b\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3500a92586b\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3500a92586b\">        <span>Competent authority<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a3500a92586b\" class=\"collapse\" aria-labelledby=\"heading-6a3500a92586b\">    <div class=\"card-body\"><p><\/p><p>Recovery plans or group recovery plans of institutions and groups directly supervised by the European Central Bank fall within the ECB&rsquo;s competence. The plans of institutions and groups that are not directly supervised by the European Central Bank (ECB) are required to be submitted to the FMA.<\/p><p>    <\/div>  <\/div><\/div><p>\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3500a925887\">    <h2 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3500a925887\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3500a925887\">        <span>Information about the drawing up of recovery plans for institutions that are not directly supervised by the European Central Bank<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h2>  <\/div>  <div id=\"collapse-heading-6a3500a925887\" class=\"collapse\" aria-labelledby=\"heading-6a3500a925887\">    <div class=\"card-body\"><p><\/p><p>Two templates for recovery plans (in English and German respectively) are available for download below under &ldquo;Further information&rdquo;. These items are relevant for drawing up of recovery plans for institutions that are not directly supervised by the European Central Bank.<\/p><h3>Note:<\/h3><p>Requirements for recovery plans for significant institutions are defined by the ECB!<\/p><p>    <\/div>  <\/div><\/div><p>\n<\/p><h2>Further information:<\/h2><p>\n<div id=\"reference-6a3500a92589f\" class=\"reference\"><h3 class=\"reference-heading\"><span class=\"fa-solid fa-download fa-fw\" aria-hidden=\"true\"><\/span>Downloads<\/h3><p><\/p><p>\n<a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=5233&nonce=0204f654658fa0a5\" class=\"internal single-document-reference piwik_download\">FMA-OeNB Templates f\u00fcr Sanierungspl\u00e4ne 2025 (<span class=\"sr-only\">Format: <\/span>xlsx, <span class=\"sr-only\">Size: <\/span>3,1 MB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n<a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=5234&nonce=f407d0e35ce6de30\" class=\"internal single-document-reference piwik_download\">FMA-OeNB Templates for Recovery Plans 2025 (<span class=\"sr-only\">Format: <\/span>xlsx, <span class=\"sr-only\">Size: <\/span>3,1 MB, <span class=\"sr-only\">Language: <\/span>English)<\/a>\n<\/p><p><\/div><p>\n<div id=\"reference-6a3500a95844d\" class=\"reference\"><h3 class=\"reference-heading\"><span class=\"fa-solid fa-link fa-fw\" aria-hidden=\"true\"><\/span>Law<\/h3><p><\/p><p>\n<a href=\"https:\/\/www.ris.bka.gv.at\/GeltendeFassung.wxe?Abfrage=Bundesnormen&amp;Gesetzesnummer=20009037\" target=\"_blank\" rel=\"noopener\" class=\"external single-document-reference\">Bundesgesetz \u00fcber die Sanierung und Abwicklung von Banken (Sanierungs- und Abwicklungsgesetz \u2013 BaSAG)<\/a>\n<a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=2025&nonce=4000dff794670dbb\" class=\"internal single-document-reference piwik_download\">Regulation of the Financial Market Authority (FMA) on the content and level of detail of recovery plans of banks (Bankensanierungsplanverordnung \u2013 BaSaPV) (<span class=\"sr-only\">Format: <\/span>pdf, <span class=\"sr-only\">Size: <\/span>93,0 KB, <span class=\"sr-only\">Language: <\/span>English)<\/a>\n<\/p><p><\/div><p>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article describes how recovery planning looks in principle, as well as explaining which authority is responsible for it. There &#8230;<\/p>\n","protected":false},"author":20,"featured_media":0,"parent":2201,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-4570","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recovery planning - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/banks\/recovery-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recovery planning - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"This article describes how recovery planning looks in principle, as well as explaining which authority is responsible for it. 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