Bank Recovery and Resolution Directive: Difference between revisions
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The Directive is in effect from the start of 2015. | The Directive is in effect from the start of 2015. | ||
==See also== | |||
* [[Money market fund reform: a light at the end of the tunnel?]] | |||
Revision as of 11:39, 1 December 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.
