Bank Recovery and Resolution Directive: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Money market fund reform: a light at the end of the tunnel?) |
imported>Doug Williamson (Updated entry: Added directive identifier and two internal links) |
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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 (Directive 2014/59/EU). | ||
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. | 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. | ||
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==See also== | ==See also== | ||
* [[Recovery]] | |||
* [[Resolution]] | |||
* [[Money market fund reform: a light at the end of the tunnel?]] | * [[Money market fund reform: a light at the end of the tunnel?]] | ||
Revision as of 11:08, 14 January 2015
European Union.
BRRD.
Formally the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms (Directive 2014/59/EU).
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.
