Bank Recovery and Resolution Directive and Sovereign risk: Difference between pages

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(Linked to The Treasurers Handbook - Money market fund reform: a light at the end of the tunnel?)
 
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''European Union.''
1.  


BRRD.
Importantly, it indicates the maximum creditworthiness of a counterparty – no organisation can be more creditworthy than its home country’s central bank.


Formally the Directive on the Recovery and Resolution of Credit Institutions and Investment Firms.
Sovereign risk also includes concepts such as expropriation, war and civil unrest.


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.
2.  


The risk of losses arising from default on sovereign debt.


==See also==
 
* [[Money market fund reform: a light at the end of the tunnel?]]
== See also ==
* [[Credit risk]]
* [[Sovereign debt]]
 
[[Category:Financial_risk_management]]

Revision as of 12:29, 11 May 2016

1.

Importantly, it indicates the maximum creditworthiness of a counterparty – no organisation can be more creditworthy than its home country’s central bank.

Sovereign risk also includes concepts such as expropriation, war and civil unrest.


2.

The risk of losses arising from default on sovereign debt.


See also

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