The European Banking Authority (EBA) has published the Handbook on Valuation for Purposes of Resolution, which is addressed to national and EU resolution authorities. A bank resolution occurs when authorities determine that a failing bank cannot go through normal insolvency proceedings without harming the public interest and causing financial instability. The focus of the 97-page handbook is on convergence and consistency of valuation practices as well as the interaction with independent valuers across the EU. The handbook has been developed in consultation with the International Valuation Standards Council (IVSC).