DLA Piper

The Bank Recovery and Resolution Directive 2014/59/EU (EU BRRD) establishes a framework for the recovery and resolution of investment firms and credit institutions and sets out a common resolution regime in the EU that allows authorities to deal with failing institutions and creates a dialogue and system of cooperation between home and host authorities. This Practice Note looks at a number of technical standards and guidelines issued by the European Banking Authority (EBA), as mandated by the EU BRRD (as amended by Directive 2019/879 (EU BRRD II)).

This Practice Note covers insolvency issues arising in receivables finance situations. Topics covered include security, the order of distributions, appointment of an administrator, antecedent transaction claims and insolvency set-off.

This Practice Note looks at the Single Rulebook, which is intended to achieve a uniform prudential regulatory framework for the financial sector throughout the EU, creating greater consistency, transparency and efficiency.

The European Union has developed the European Banking Union, which is underpinned by a single regulatory rulebook for financial services. This is intended to promote the integration of banking supervision within the EU. Central to the European Banking Union is the Single Supervisory Mechanism (SSM) (established by Council Regulation (EU) 1024/2013 (the SSM Regulation)). The SSM is designed to ensure that supervision of credit institutions is coherent, effective and consistent with the functioning of the internal market for financial services and the free movement of capital. This Practice Note provides an introduction to the SSM and looks at its application, scope and time frame for implementation.

Creators of new products can take some basic steps to protect their intellectual property rights. With a focus on the fashion industry, this Q&A looks at issues to consider when protecting a new fashion item from exploitation by third parties.

This Checklist covers some of the main provisions to be included in a mobile virtual network operator (MVNO) agreement under which a mobile network operator supplier will provide wholesale access services to an MVNO for resale to its own retail customers. It covers some of the main provisions that are specific to an agreement of this kind.