Consultation on the Recovery and Resolution of Non-Bank Financial Institutions


On October 5, the European Commission published a consultation paper on a possible framework for the recovery and resolution of non-bank financial institutions. The consultation paper covers three types of institutions and focuses on:

  • central counterparties and central securities depositories (financial market infrastructures);
  • insurance and reinsurance firms; and
  • payment systems and other non-bank financial institutions.

For each of these groups of financial institutions the consultation paper first looks to ascertain how and when the failure of a financial institution can threaten the stability of the financial markets, and then considers what arrangements could be needed to ensure that such failures are resolved in an orderly manner.

The initiative follows the adoption, on June 6, of a Commission proposal for an EU framework in this area for banks and investment firms. The Commission invites responses by December 28.


Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Orrick - Structured Finance Group | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.