European resolution rules mean new headaches for banks

UK banks need to comply with European 'living will' equivalent

European banks relieved after vital stress tests

The European Union's Bank Recovery and Resolution Directive (BRRD), which came into force on July 2 this year, takes effect across the European Union from January 1, 2015. EU member states have until December 31, 2014 to adopt the requisite legislation and regulations for implementation of the BRRD. As a result, over the summer in the UK the Treasury, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) each issued a consultation paper on the implementation and

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