Reply S.p.a. · MIL:REY
Reply — Investor Presentation (November 2016)
14 slides from Reply's investor presentation, November 2016
Slide 1: Recovery and Resolution plans - an update
Recovery and Resolution plans an update Simon Hills BBA November 2016
Slide 2: Recovery and Resolution plans - an update
Recovery and Resolution plans - an update • RRP now a business as usual activity • Policy Statement PS8/13 on RRPs – SS18/13 – recovery planning – SS19/13 – resolution planning • Prepared and signed off by the Board annually, or if there is a significant change • Prescribed function ‘r’ under SMCR •
Slide 3: Key elements of the recovery plan
Recovery and Resolution plans - an update • Key elements of the recovery plan: – Confirmation that Board has reviewed and approved; – A summary of recovery options using a consistent framework; – Is the recovery plan is embedded into the management framework; – plan activation triggers; – Clear esca
Slide 4: New recovery planning elements
Recovery and Resolution plans - an update • New recovery planning elements – Plan for accessing central bank facilities – Disposals • Fair valuation of balance sheet • Data room capabilities • Impact on ‘whole firm sale’ recovery option – Remediation to improve recovery plan credibility
Slide 5: Resolution planning
Recovery and Resolution plans - an update • Resolution planning • Baseline information (phase 1) – Corporate structure and significant legal entity information • Business model • capital and funding • Activities and operations – Critical economic functions • Which of a banks operations may be critic
Slide 6: MREL - PS 30/16 & BoE approach document
Recovery and Resolution plans - an update MREL - PS 30/16 & BoE approach document • minimum requirement for own funds and eligible liabilities (MREL) – 2 x (Pillar 1 + Pillar 2A) – 2 x applicable leverage ratio requirement • no double counting of CET1for MREL and – but no automatic restriction on di
Slide 7: MREL - resolution strategy thresholds
Recovery and Resolution plans- an update MREL - PS 30/16 & BoE approach document • resolution strategy thresholds – Bail-in £15-25 billion of total assets – Partial transfer 40k – 80k transactional accounts (≤9 withdrawals in last quarter) • Intra group MREL - wip
Slide 8: Ensuring operational continuity in resolution - PS21/16
Recovery and Resolution plans- an update Ensuring operational continuity in resolution – PS21/16 • any service that supports a function critical to the economy in scope • critical services provider must have sufficient resources during and after resolution – but removal of capital requirements to 25
Slide 9: ECB review of SSM recovery plans
Recovery and Resolution plans - an update ECB review of SSM recovery plans
Slide 10: ECB review of SSM recovery plans
Recovery and Resolution plans - an update ECB review of SSM recovery plans
Slide 11: ECB review of SSM recovery plans
Recovery and Resolution plans - an update ECB review of SSM recovery plans
Slide 12: ECB review of SSM recovery plans
Recovery and Resolution plans - an update ECB review of SSM recovery plans
Slide 13: ECB review of SSM recovery plans
Recovery and Resolution plans - an update ECB review of SSM recovery plans
Slide 14: Contact details
Contact details Simon Hills Executive Director British Bankers' Association simon.hills@bba.org.uk