Topic
Resolution Planning
212 published works
Administrative and Regulatory
Commission adopts BRRD Delegated Regulation specifying the minimum set of information on financial contracts
Article 71 of the Bank Recovery and Resolution Directive (BRRD) empowers the European Commission to adopt, following submission of draft regulatory technical standards (RTS) by the European Banking Authority (EBA),…
Banking, Finance and Securities
Federal Reserve proposes to limit termination rights for certain contracts of global systemically important banking organizations
The Federal Reserve Board (“FRB”) has issued a proposed rulemaking to require “global systemically important banking organizations” (“GSIBs”) and their subsidiaries to limit their counterparties’ rights to terminate and liquidate…
Corporate and Securities Law
GAO Says Regulators Should Improve Transparency in Evaluating Banks’ “Living Wills”
Banking, Finance and Securities
FSB publishes second thematic review on resolution regimes
The Financial Stability Board (FSB) has published its second thematic review on resolution regimes. The thematic review examined the range and nature of resolution powers available to authorities for the…
Banking, Finance and Securities
The contractual recognition of bail-in: amendments to the PRA rules – CP8/16
The PRA has published Consultation Paper 8/16: The contractual recognition of bail-in: amendments to PRA rules (CP8/16). In CP8/16 the PRA puts forward proposals to amend the Contractual Recognition of…
Banking, Finance and Securities
Commission to table a proposal for an effective recovery and resolution regime for clearing houses towards the end of the year
The European Commission has published an extract from a speech given by Jonathan Hill (European Commissioner for Financial Stability, Financial Services and Capital Markets Union (CMU)), on an approach to…
Banking, Finance and Securities
HM Treasury consults on the implementation of the BRRD
The UK’s special resolution regime was recently updated to transpose the Bank Recovery and Resolution Directive (BRRD, following a consultation published in July 2014. Since then the Government has identified…
Banking, Finance and Securities
SRM on schedule for 1 January 2016
The Council of the EU has announced that, as a sufficient number of Member States have ratified the intergovernmental agreement on the transfer and mutualisation of contributions to the single…
Banking, Finance and Securities
FSB publishes new measures to promote resolvability including effective cross-border resolution
The Financial Stability Board (FSB) has published two finalised guidance papers and three consultative documents as part of its policy agenda to end “too-big-to-fail” and promote the resolvability of all…
Banking, Finance and Securities
Six Member States referred to ECJ for failing to transpose the BRRD
On 28 May 2015, the European Commission sent a reasoned opinion to 11 Member States asking them to transpose the Bank Recovery and Resolution Directive (BRRD). The deadline for the…