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" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the financial intermediary system, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the economic policy of the government using the instruments at its disposal. "
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The EBA recommends major EU cross-border banking groups to develop recovery plans

23 January 2013
The EBA adopted a formal Recommendation to ensure that major EU cross-border banks develop group recovery plans by the end of 2013. The plans shall be submitted to the respective competent authorities and discussed within colleges of supervisors. The aim of the Recommendation is to spur the development of recovery plans and to foster convergence on the highest standards across the Union.

The whole press release and the recommendation are available on EBA's website:

http://eba.europa.eu/News--Communications/Year/2013/The-EBA-recommends-major-EU-cross-border-banking-g.aspx

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