National authorities rebel against BRRD state aid limits

EU single resolution board will “never have any work to do”, lawyers predict

Getty - breaking limits

Temporary state aid for struggling banks will need to become a normal feature of resolution toolboxes because the European Bank Recovery and Resolution Directive (BRRD) is not flexible enough, according to numerous national regulators and legal sources.  “Everybody is trying to make sure that if they have a problem in one of their banks, they can somehow argue the bank falls under the Article 32 exception in BRRD. This is something the Monte dei Paschi case made clear,” says one official at

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