Bank Recovery and Resolution Directive: Difference between revisions
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imported>Doug Williamson (Make effective date past tense.) |
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==See also== | ==See also== | ||
* [[Bank supervision]] | |||
* [[Recovery]] | * [[Recovery]] | ||
* [[Resolution]] | * [[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 15:08, 14 August 2016
(BRRD.)
European Union.
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 came into effect from the start of 2015.
