News & Analysis as of

European Commission Bank Recovery and Resolution Directive (BRRD)

A&O Shearman

European Banking Authority Sets 2025 Priorities for Resolution Authorities and Reports on the Progress Achieved in 2023

A&O Shearman on

The European Banking Authority published its 2025 European Resolution Examination Programme report. The report sets three priorities for resolution authorities and banks for 2025 and looks at the progress achieved in 2023,...more

Proskauer Rose LLP

Regulation Round Up - December 2020

Proskauer Rose LLP on

31 December - The Brexit Transitional Period (pursuant to which the UK stayed in the Single Market and European Customs Union came to an end. The FCA updated its Brexit webpages to remind firms of the potential impact...more

A&O Shearman

Revisions to EU Bank Recovery and Resolution Directive Finalized

A&O Shearman on

A new Directive amending the EU's Bank Recovery and Resolution Directive, widely referred to as "BRRD2", has been published in the Official Journal of the European Union....more

A&O Shearman

European Commission Adopts Technical Standards for Eligibility for Simplified Obligations under the Bank Recovery and Resolution...

A&O Shearman on

The European Commission has adopted a draft Delegated Regulation under the Bank Recovery and Resolution Directive, setting out Regulatory Technical Standards specifying the criteria for assessing the impact of an...more

A&O Shearman

European Commission Formally Withdraws Proposals for an EU Regulation on Bank Structural Reform

A&O Shearman on

Following its announcement in its 2018 Work Programme of its intention to withdraw 15 pending EU legislative proposals, the European Commission has announced the formal withdrawal of that legislation, which includes the 2014...more

A&O Shearman

European Banking Authority Mediates Disagreement on Two Cross-Border Banking Groups' Resolution Plans

A&O Shearman on

The European Banking Authority has published a redacted Decision on the disagreement between the Single Resolution Board and the National Bank of Romania, in their capacity as national resolution authorities under the EU Bank...more

A&O Shearman

European Commission Launches Package to Address Non-Performing Loans Build-Up in the EU

A&O Shearman on

The European Commission has launched a package of legislative and non-legislative measures to address remaining and future non-performing loans in the EU. Since the 2007/8 financial crisis, there has been a build-up of NPLs...more

A&O Shearman

EU Roadmap for Completing the Economic and Monetary Union: Key Points for Financial Institutions

A&O Shearman on

The European Commission has published a Communication on further steps towards completing Europe's Economic and Monetary Union. The Commission is proposing several initiatives. First, the Commission is proposing a regulation...more

Morrison & Foerster LLP

Shaping MREL for European (and non-European) Banks

Morrison & Foerster LLP on

The European Commission (“Commission”), on 23 November 2016, released its legislative proposals to amend the EU’s Bank Recovery and Resolution Directive (“BRRD”) to provide more detailed rules relating to the setting of MREL...more

A&O Shearman

European Commission Proposes draft "CRD5" among various EU Banking Sector Legislative Amendments 

A&O Shearman on

The European Commission published a package of proposed legislative amendments in relation to the Bank Recovery and Resolution Directive, the Single Resolution Mechanism Regulation, the Capital Requirements Regulation and the...more

Orrick - Finance 20/20

EBA Publishes Interim Report on MREL

Orrick - Finance 20/20 on

The European Banking Authority (EBA) has published an interim report on the minimum requirement for own funds and eligible liabilities (MREL). Under the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD) the EBA is...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Federal Reserve Announces Extension of Conformance Period under Section 13 of the Bank Holding Company Act - On July 7, 2016, the Federal Reserve announced that it will extend until July 21, 2017 the conformance period...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

SEC Adopts Trade Acknowledgment and Verification Rules for Security-Based Swap Transactions - On June 8, 2016, the Securities and Exchange Commission publicized the implementation of "rules that will establish timely and...more

Orrick - Finance 20/20

European Commission Adopts Delegated Regulation on RTS on Detailed Records of Financial Contracts under BRRD

Orrick - Finance 20/20 on

On June 7, 2016, the European Commission adopted a Delegated Regulation supplementing the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD). The Delegated Regulation deals with the regulatory technical standards...more

A&O Shearman

EU Technical Standards on Contents of a Business Reorganization Plan and Reporting on Implementation

A&O Shearman on

The European Commission adopted a Delegated Regulation outlining the regulatory technical standards on the elements of a business reorganization plan and the minimum contents for reporting progress in the implementation of...more

Latham & Watkins LLP

PF Newsletter: Article 55 of the BRRD

Latham & Watkins LLP on

From 1 January 2016, all EEA incorporated banks and credit institutions are required to include a term in any non-EEA law governed contract under which they have liabilities, giving contractual recognition of the bail-in...more

Orrick - Finance 20/20

Bank Recovery and Resolution Directive; Exceptions to “Bail-In” of Liabilities

Orrick - Finance 20/20 on

On February 4, 2016, the European Commission adopted a Delegated Regulation (C(2016) 379) which (taking into account advice given by the European Banking Authority in March 2015) specifies where exclusion from the application...more

Katten Muchin Rosenman LLP

European Union Single Resolution Mechanism is Operational

On January 1, the Single Resolution Mechanism (SRM) became fully operational. The SRM implements the European Union Bank Recovery and Resolution Directive (BRRD). The SRM is designed to strengthen the resilience of the...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

European Commission Requests 11 Member States to Implement Bank Recovery and Resolution Directive (BRRD) - On May 28, 2015, the European Commission published a press release announcing that it has requested 11 member...more

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