Bank Recovery and Resolution Directive
From ACT Wiki
(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 is in effect from the start of 2015.
