Topic
Bail-in
42 published works
Banking, Finance and Securities
BRRD Bail-In Update
EEA Member States were required under the Banking Recovery and Resolution Directive (BRRD) to implement the bail-in tool and contractual recognition requirements of Article 55 BRRD into national law by…
Banking, Finance and Securities
Modification direction for IFPRU 11.6 (Contractual recognition of bail-in)
The FCA has published a modification by consent relating to the contractual bail-in rules in chapter 11 of the Prudential sourcebook for Investment Firms. The modification is valid until the…
Banking, Finance and Securities
Contractual recognition of bail-in powers by EU-regulated financial institutions from January 2016
From 1 January 2016, EU financial institutions* established in the EU will be required under article 55 of the EU Banking Recovery and Resolution Directive (2014/59/EU) (BRRD), to include contractual…
Banking, Finance and Securities
FMLC letters to HM Treasury on implementation of BRRD
The Financial Markets Law Committee (FMLC) has published two letters it has sent to HM Treasury relating to the implementation of the Bank Recovery and Resolution Directive (BRRD). In the…
Banking, Finance and Securities
Model clause for the contractual recognition of bail-in under the BRRD
The Association of Financial Markets in Europe has published the Model clause for the contractual recognition of bail-in under Article 55 BRRD (the Model Clause). Article 55 of the Bank…
Banking, Finance and Securities
Italy takes steps to transpose the BRRD
On 2 July 2015, the Italian Parliament approved a delegation to the Government to issue a legislative decree to transpose the Bank Recovery and Resolution Directive (BRRD). The decree will…
Banking, Finance and Securities
EBA publishes final technical standards to ensure effective resolution under BRRD
The European Banking Authority (EBA) has published the following: final draft regulatory technical standards (RTS) on criteria for determining the minimum requirement for own funds and eligible liabilities under the…
Banking, Finance and Securities
SS17/13 Credit risk mitigation – update regarding the netting of liabilities that may be subject to bail-in
The PRA has provided an update to Supervisory Statement 17/13: Credit risk mitigation (SS17/13). The update concerns the netting of liabilities that may be subject to bail-in. SS17/13 has been…
Banking, Finance and Securities
EBA consults on contractual recognition of bail-in
The European Banking Authority (EBA) has published a consultation paper on its draft regulatory technical standards (RTS) under article 55(3) of the Bank Recovery and Resolution Directive (BRRD). Article 55(1)…
Banking, Finance and Securities
EBA consults on treatment of liabilities in bail-in
The Bank Recovery and Resolution Directive (BRRD) specifies the sequence in which the power to write down or convert liabilities in resolution should be applied. This sequence provides that capital…