Bank Recovery and Resolution Directive definition

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union.
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Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union of 15 May
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Bank Recovery and Resolution Directive means any relevant laws and regulations applicable to the Issuer or other members of Rabobank Group at the relevant time pursuant to, or which implement, or are enacted within the context of, a directive and/or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms.
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Examples of Bank Recovery and Resolution Directive in a sentence

  • Dealer is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority and the PRA, and is subject to the Bank of England’s resolution authority powers, as contained in the EU Bank Recovery and Resolution Directive, and transposed in the UK by the Banking ▇▇▇ ▇▇▇▇.

  • Each layer absorbs losses to the extent of its capacity, following which any recapitalisation of the entity requires write-down/conversion of more senior layers in accordance with the creditor hierarchy l 40 Point of non-viability power implemented in the UK in accordance with Article 59 of the Bank Recovery and Resolution Directive l 41 Illustration of Barclays business divisions in preparation for regulatory ring-fencing.

  • The Banking Act implements the provisions of Directive 2014/59/EU (the "Bank Recovery and Resolution Directive" or "BRRD").

  • On 2 July 2014, Directive 2014/59/EU of the European Parliament and the Council providing for the establishment of an EU-wide framework for the recovery and resolution of credit institutions and investment firms (the Bank Recovery and Resolution Directive or BRRD) entered into force.

  • In addition, the EU Bank Recovery and Resolution Directive (“BRRD”) provides for resolution authorities to have the power to require institutions and groups to make structural changes to ensure legal and operational separation of ‘critical functions’ from other functions where necessary, or to require institutions to limit or cease existing or proposed activities in certain circumstances.


More Definitions of Bank Recovery and Resolution Directive

Bank Recovery and Resolution Directive or “BRRD” means both Directive 2014/59/EU and those provisions of UK domestic law, rules or regulation which retain, implement, adopt or set out provisions substantially similar to Directive 2014/59/EU. For the avoidance of doubt, any reference to the 'Bank Recovery and Resolution Directive' or 'BRRD' shall include, as applicable, any accompanying and/or subsidiary legislation, and any national laws implementing the BRRD;
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Bank Recovery and Resolution Directive or “BRRD” means Directive 2014/59/EU of the European Parliament and of the Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and
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Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union. “Bankruptcy Code” means Title 11 of the United States Code, entitled “Bankruptcy”, as amended from time to time, and any successor statute or statutes.
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Bank Recovery and Resolution Directive or "BRRD" means Directive 2014/59/EU.
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Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of 15 May 20144 establishing a framework for the recovery and resolution of credit institutions and investment firms, as amended by Directive (EU) 2017/2399 of the European Parliament and of the Council of 12 December 20175 and Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 20196;”,
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Bank Recovery and Resolution Directive or "BRRD" means Directive no. 2014/59/EU of the European Parliament and Council of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (as amended);
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Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union. “Bankruptcy Code” means Title 11 of the United States Code, entitled “Bankruptcy”, as amended from time to time, and any successor statute or statutes. “Bankruptcy Law” means the Bankruptcy Code or any similar federal law or state law for the relief of debtors and all other liquidation, conservatorship,
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