CyberTRIZPEDIA

Bank Recovery and Resolution Directive 2014/59/EU

Effective
2015-01-01

Sectors

Banking & FinanceInsuranceRegulatory / Legal

Articles (138)

Article 1 — Subject matter and scopeArticle 2 — DefinitionsArticle 3 — Designation of authorities responsible for resolutionArticle 4 — Simplified obligations for certain institutionsArticle 5 — Recovery plansArticle 6 — Assessment of recovery plansArticle 7 — Group recovery plansArticle 8 — Assessment of group recovery plansArticle 9 — Recovery Plan IndicatorsArticle 10 — Resolution plansArticle 11 — Information for the purpose of resolution plans and cooperation from the institutionArticle 12 — Group resolution plansArticle 13 — Requirement and procedure for group resolution plansArticle 14 — Transmission of resolution plans to the competent authoritiesArticle 15 — Assessment of resolvability for institutionsArticle 16 — Assessment of resolvability for groupsArticle 17 — Powers to address or remove impediments to resolvabilityArticle 18 — Powers to address or remove impediments to resolvability: group treatmentArticle 19 — Group financial support agreementArticle 20 — Review of proposed agreement by competent authorities and mediationArticle 21 — Approval of proposed agreement by shareholdersArticle 22 — Transmission of the group financial support agreements to resolution authoritiesArticle 23 — Conditions for group financial supportArticle 24 — Decision to provide financial supportArticle 25 — Netting agreementsArticle 26 — Repurchase agreementsArticle 27 — Early intervention measuresArticle 28 — Removal of senior management and management bodyArticle 29 — Temporary administratorArticle 30 — Coordination of early intervention measures and appointment of temporary administrator in relation to groupsArticle 31 — Resolution objectivesArticle 32 — Conditions for resolutionArticle 33 — Conditions for resolution with regard to financial institutions and holding companiesArticle 34 — General principles governing resolutionArticle 35 — Special managementArticle 36 — Valuation for the purposes of resolutionArticle 37 — General principles of resolution toolsArticle 38 — The sale of business toolArticle 39 — Sale of business tool: procedural requirementsArticle 40 — Bridge institution toolArticle 41 — Operation of a bridge institutionArticle 42 — Asset separation toolArticle 43 — The bail-in toolArticle 44 — Scope of bail-in toolArticle 45 — Application of the minimum requirementArticle 46 — Assessment of amount of bail-inArticle 47 — Treatment of shareholders in bail-in or write down or conversion of capital instrumentsArticle 48 — Sequence of write down and conversionArticle 49 — DerivativesArticle 50 — Rate of conversion of debt to equityArticle 51 — Recovery and reorganisation measures to accompany bail-inArticle 52 — Business reorganisation planArticle 53 — Effect of bail-inArticle 54 — Removal of procedural impediments to bail-inArticle 55 — Contractual recognition of bail-inArticle 56 — Government financial stabilisation toolsArticle 57 — Public equity support toolArticle 58 — Temporary public ownership toolArticle 59 — Requirement to write down or convert capital instrumentsArticle 60 — Provisions governing the write down or conversion of capital instrumentsArticle 61 — Authorities responsible for determinationArticle 62 — Consolidated application: procedure for determinationArticle 63 — General powersArticle 64 — Ancillary powersArticle 65 — Power to require the provision of services and facilitiesArticle 66 — Power to enforce crisis management measures or crisis prevention measures by other Member StatesArticle 67 — Power in respect of assets, rights, liabilities, shares and other instruments of ownership located in third countriesArticle 68 — Exclusion of certain contractual terms in early intervention and resolutionArticle 69 — Power to suspend certain obligationsArticle 70 — Power to restrict the enforcement of security interestsArticle 71 — Power to temporarily suspend termination rightsArticle 72 — Exercise of the resolution powersArticle 73 — Treatment of shareholders and creditors in the case of partial transfers and application of the bail-in toolArticle 74 — Valuation of difference in treatmentArticle 75 — Safeguard for shareholders and creditorsArticle 76 — Safeguard for counterparties in partial transfersArticle 77 — Protection for financial collateral, set off and netting agreementsArticle 78 — Protection for security arrangementsArticle 79 — Protection for structured finance arrangements and covered bondsArticle 80 — Partial transfers: protection of trading, clearing and settlement systemsArticle 81 — Notification requirementsArticle 82 — Decision of the resolution authorityArticle 83 — Procedural obligations of resolution authoritiesArticle 84 — ConfidentialityArticle 85 — Ex-ante judicial approval and rights to challenge decisionsArticle 86 — Restrictions on other proceedingsArticle 87 — General principles regarding decision-making involving more than one Member StateArticle 88 — Resolution collegesArticle 89 — European resolution collegesArticle 90 — Information exchangeArticle 91 — Group resolution involving a subsidiary of the groupArticle 92 — Group resolutionArticle 93 — Agreements with third countriesArticle 94 — Recognition and enforcement of third-country resolution proceedingsArticle 95 — Right to refuse recognition or enforcement of third-country resolution proceedingsArticle 96 — Resolution of Union branchesArticle 97 — Cooperation with third-country authoritiesArticle 98 — Exchange of confidential informationArticle 99 — European system of financing arrangementsArticle 100 — Requirement to establish resolution financing arrangementsArticle 101 — Use of the resolution financing arrangementsArticle 102 — Target levelArticle 103 — Ex-ante contributionsArticle 104 — Extraordinary ex-post contributionsArticle 105 — Alternative funding meansArticle 106 — Borrowing between financing arrangementsArticle 107 — Mutualisation of national financing arrangements in the case of a group resolutionArticle 108 — Ranking of deposits in insolvency hierarchyArticle 109 — Use of deposit guarantee schemes in the context of resolutionArticle 110 — Administrative penalties and other administrative measuresArticle 111 — Specific provisionsArticle 112 — Publication of administrative penaltiesArticle 113 — Maintenance of central database by EBAArticle 114 — Effective application of penalties and exercise of powers to impose penalties by competent authorities and resolution authoritiesArticle 115 — Exercise of the delegationArticle 116 — Amendment to Directive 82/891/EECArticle 117 — Amendments to Directive 2001/24/ECArticle 118 — Amendment to Directive 2002/47/ECArticle 9a — Directives 2008/48/EC and 2014/59/EUArticle 119 — Amendment to Directive 2004/25/ECArticle 120 — Amendment to Directive 2005/56/ECArticle 121 — Amendments to Directive 2007/36/ECArticle 122 — Amendment to Directive 2011/35/EUArticle 123 — Amendment to Directive 2012/30/EUArticle 124 — Amendment to Directive 2013/36/EUArticle 125 — Amendment to Regulation (EU) No 1093/2010Article 126 — Amendment to Regulation (EU) No 648/2012Article 127 — EBA Resolution CommitteeArticle 128 — Cooperation with EBAArticle 129 — ReviewArticle 130 — TranspositionArticle 131 — Entry into forceArticle 132 — AddresseesRecovery Plans — Content and RequirementsRecovery Indicators — Triggers for Recovery ActionsMinimum Requirement for Own Funds and Eligible Liabilities (MREL)Internal MREL — Subsidiary DistributionResolvability Assessment — Removal of Impediments