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

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

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

Bank Recovery and Resolution Directive (EU BRRD)—technical standards and guidelines

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 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 EU BRRD (as amended by Directive 2019/879 (EU BRRD II)).

A package of legislation intended to reduce risks in the EU banking sector, known as the ‘banking package’, was published in the Official Journal of the EU on 7 June 2019. The package included revised rules on bank recovery and resolution, set out in EU BRRD II which amended the EU BRRD. EU BRRD II entered into force on 27 June 2019 and was required to be transposed into Member States’ national legislation by 28 December 2020, except for one provision relating to MREL which must be transposed by 1 January 2024. For more information on the changes introduced by EU BRRD II, see Practice Note: The EU banking package—CRD V, CRR II, BRRD II and SRMR.

Purpose and application of EU BRRD technical

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