Bank Recovery and Resolution Directive (BRRD)—technical standards and guidelines
Produced in partnership with DLA Piper UK LLP
Bank Recovery and Resolution Directive (BRRD)—technical standards and guidelines

The following Financial Services practice note Produced in partnership with DLA Piper UK LLP provides comprehensive and up to date legal information covering:

  • Bank Recovery and Resolution Directive (BRRD)—technical standards and guidelines
  • Purpose and application of BRRD technical standards and guidelines
  • BRRD II

The Bank Recovery and Resolution Directive 2014/59/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 co-operation 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 Directive.

Purpose and application of BRRD technical standards and guidelines

The BRRD mandates the EBA to develop a wide range of regulatory technical standards (RTS) to be adopted by the European Commission.

The aim of the RTS in relation to the BRRD is to add further detail to the BRRD and to ensure effective and consistent procedures across the EU so that all depositors, investors and consumers receive adequate protection.

In addition to the RTS, there are also implementing technical standards (ITS). The RTS and ITS are legally binding and directly applicable in all Member States, and therefore become part of the national law of Member States upon their entry into force.

The BRRD also requires the EBA to issue guidelines on certain matters. The guidelines set out the EBA's view of appropriate supervisory practices within the European System of Financial Supervision (ESFS) or of how EU law should be applied in a

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