Amending the bank resolution framework – BRRD and SRMR
In May 2019, the European Parliament and the Council adopted the proposals amending the EU legislative framework on bank resolution, consisting of the Banking Recovery and Resolution Directive, and the Single Resolution Mechanism Regulation. Resolution is the restructuring of a bank which is failing or likely to fail, aiming at safeguarding continuity of the bank's critical functions, preserving financial stability and minimising rescue costs to taxpayers. The adopted amendments incorporate into EU law the Total Loss-Absorbing Capacity standard, set at international level to improve large financial institutions' capacity to absorb losses and recapitalise in case they are placed in resolution. The new legislative texts were published in the Official Journal on 7 June 2019, and come fully into force on 28 December 2020.
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Publicatietype
Auteur
Zoekterm
- administratief beheer
- bedrijfsorganisatie
- burgerlijk recht
- EU-bankenunie
- EUROPESE UNIE
- financieel risico
- financiële instelling
- financiële instellingen en krediet
- financiële solvabiliteit
- financiële voorschriften
- FINANCIËN
- monetaire economie
- ONDERNEMING EN CONCURRENTIE
- onderneming in moeilijkheden
- PRODUCTIE, TECHNOLOGIE EN ONDERZOEK
- RECHT
- Recht van de Europese Unie
- risicobeheer
- technische norm
- technologie en technische voorschriften
- uitwerking van EU-wetgeving
- vrij verkeer van kapitaal