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Bank Recovery and Resolution Directive (BRRD)

In: EU Banking and Financial Regulation

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Abstract

The BRRD seeks to coordinate and harmonise the procedures for resolving failing credit institutions and certain investment firms at the European level. The BRRD contains tools to deal effectively and sufficiently early and quickly with unsound or failing credit institutions and certain investment firms, so as to ensure the continuity of their critical financial and economic functions, while minimising the impact of their failure on the economy and financial system.

Suggested Citation

  • ., 2024. "Bank Recovery and Resolution Directive (BRRD)," Chapters, in: EU Banking and Financial Regulation, chapter 10, pages 111-132, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21982_10
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035301959.00021
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    Keywords

    Law - Academic; Law - Professional;

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