Bank Recovery and Resolution Directive: Difference between revisions
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imported>John Grout (Correcting title) |
imported>Doug Williamson m (Minor style and spacing changes) |
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''European Union'' | ''European Union.'' | ||
BRRD | BRRD. | ||
Formally the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms | Formally the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms. | ||
BRRD sets out the framework for bank recovery and resolution in the EU. It sets out some arrangements to deal with failing banks at the Member State level and arrangements to facilitate cooperation in tackling cross-border banking failures. The Directive is in effect from the start of 2015. | |||
Revision as of 17:14, 13 August 2014
European Union.
BRRD.
Formally the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms.
BRRD sets out the framework for bank recovery and resolution in the EU. It sets out some arrangements to deal with failing banks at the Member State level and arrangements to facilitate cooperation in tackling cross-border banking failures. The Directive is in effect from the start of 2015.
