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EBA Consultation on draft RTS on procedures and contents of notifications referred to in Articles 81(1), (2) and (3) and the notice of suspension referred to in Article 83 of BRRD (EBA/CP/2014/47)RTS on notifications and notice of suspension have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD). These RTS aim at harmonising the process and content of notifications and notice of suspension arising from a determination that a firm is failing or likely to fail and the subsequent resolution actions
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