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Rules and discretion in CRD IV, BRRD and MiFID 2 : a challenge to competent authorities?
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Bank Recovery and Resolution Directive (BRRD)
2020Abstract This chapter looks at the BRRD. The UK recovery and resolution regime is set out primarily in the Banking Act 2009. At an EU level, recovery and resolution tools are set out in the BRRD and its associated delegated acts, technical standards, and guidelines, a significant portion of which is directly effective in the UK.
Jan Putnis, Chris Hurn
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The Role of Hybrid Securities in the BRRD
2016The BRRD is a cornerstone of the single European bank resolution mechanism. Such a mechanism is urgently needed, as financial institutions conduct their business on a cross-border or even a pan-European basis, while legislation of member states differs significantly on insolvency issues.
Kamil Liberadzki, Marcin Liberadzki
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The Architecture of the Brrd—a UK Perspective
2020Abstract The UK was one of the few EU countries to have a fully developed bank resolution legislative scheme in place prior to the Bank Resolution and Recovery Directive (‘BRRD’), and the architecture of the BRRD owes much to the UK model.
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The Implementation of the BRRD in Italy and its First Test: Policy Implications
Journal of Financial Regulation, 2016Eleven months after the deadline, in November 2015, Italy implemented the Bank Recovery and Resolution Directive. The detailed structure of the Directive drove most of the choices, but the Italian implementing acts are overall clearer than the Directive, especially in outlining the sequence of decisions that the competent authorities and the resolution
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Recovery and REsolution Plans of Banks in the Context of the BRRD and the SRM
2020Abstract This chapter discusses the function of recovery and resolution plans in the context of bank restructuring as envisaged in EU legislation, particularly the EU Directive on the recovery and resolution of banks and investment firms (the Bank Resolution and Recovery Directive; BRRD) and the corresponding EU Regulation on the Single ...
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