Risk glossary


Bank Recovery and Resolution Directive (BRRD)

The Bank Recovery and Resolution Directive established a common framework for the recovery and resolution of banks and investment firms in the European Union, entering into force in January 2015. The rules allow resolution authorities to maintain the critical functions of a large failed bank by forcing creditors and shareholders to bail in the bank’s debt, rather than resorting to a taxpayer bailout. They also require banks to draft a recovery plan that would enable the bank’s turnaround in a stress situation, and a resolution plan to address potential impediments to resolution if the bank fails.

Click here for articles on the Bank Recovery and Resolution Directive.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here