Home / Financial Services

Legal News

SRB issues statement on the effect of Brexit for EU resolution planning

Copyright © 2025 LexisNexis
Published on: 03 February 2020
Published by LNB News

LNB News 03/02/2020

Document Information

Issue Date: 03 February 2020

Published Date: 03 February 2020

Jurisdiction(s): United Kingdom

Article summary

The Single Resolution Board (SRB) has issued a statement on the effect of Brexit for EU resolution planning. The SRB notes that, during the transition period, MREL-eligible liabilities governed by UK law are treated as if they were governed by Member State law. After that, they will be treated as third country liabilities and may need additional clauses.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Related documents:

1 Checklists
4 News
View More
1 Practice Notes
6 Q&As
View More
Powered by Lexis+®

Related documents:

1 Checklists
4 News
View More
1 Practice Notes
6 Q&As
View More

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application