Bank Recovery and Resolution Directive (BRRD)

What is Bank Recovery and Resolution Directive (BRRD)?

Bank Recovery and Resolution Directive (BRRD) definition and meaning on Finance terms:
Directive 2014/59/EU of the European Parliament and of the Council establishes a harmonised framework for the recovery and resolution of credit institutions and investment firms. It introduces harmonised tools and powers relating to prevention, early intervention and resolution for all EU Member States. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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