Bank Recovery and Resolution Directive (BRRD)

Topic area:

Status: 22.09.2014 |

Key words:

Resolution, Recovery, Main version, MREL

Official name

DIRECTIVE 2014/59/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms and amending Council Directive 82/891/EEC, and Directives 2001/24/EC, 2002/47/EC, 2004/25/EC, 2005/56/EC, 2007/36/EC, 2011/35/EU, 2012/30/EU and 2013/36/EU, and Regulations (EU) No 1093/2010 and (EU) No 648/2012, of the European Parliament and of the Council (BRRD)

Type

Directive

Level 1

Initiator

Submitted

06.06.2012

Doc. code

2014/59

Summary

Status

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Current version

Final version

15.05.2014

Next step

Entry into force

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Application date

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Scope

Relevant for

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Level 1

CMU - Directive on the issue and public supervision of Covered bonds (binding, Main version, Amendment, EU)

Amendment to BRRD on loss -absorbing and recapitalisation capacity (BRRD2) (binding, Amendment, EU)

Amendment to BRRD as regards the ranking of unsecured debt instruments (BRRD2) (binding, Amendment, EU)

Restructuring of the tasks and duties of the German Financial Market Stabilisation Authority (FMSA) (binding, Amendment, DE)

Abwicklungsmechanismusgesetz (AbwMechG) (binding, Amendment, DE)

Bill on allocation of powers and interest rate verification (binding, Amendment, NL)

Amendment to the CRR/CRD in the area of resolution - daisy chain approach (binding, Amendment, EU)

Amendments to certain Directives regulating public financial and non-financial disclosure in order to establish the ESAP (binding, Amendment, EU)

BRRD implementation act (BaSAG) (binding, Main version, Amendment, AT)

Ändring i lagen om bank- och finansieringsrörelse (Amendment to the Banking and Financing Business Act) (binding, Amendment, SE)

Änringar i lagen om resolution (Amendments to the Resolution Act) (binding, Amendment, SE)

BRRD 3 (binding, Amendment, EU)

Amendments to BRRD/SRMR regarding MREL (daisy-chain-approach) (binding, Amendment, EU)

Level 2

Specification of criteria for assessing the impact of an institution's failure (binding, Supplement, EU)

Valuation of derivatives (binding, Supplement, EU)

classes of arrangements to be protected in transfers under BRRD (binding, Supplement, EU)

Criteria for valuation of difference in treatment in resolution (binding, Supplement, EU)

Criteria for assessing the value of assets and liabilities of institutions (binding, Supplement, EU)

MREL - Reporting by Resolution Authorities (non-binding, EU)

Requirements on asset quality and non-performing loans (binding, EU)

ITS on procedures, forms and templates for resolution plans (non-binding, EU)

ITS Group financial support (binding, Supplement, EU)

Detailed records of financial contracts (binding, Supplement, EU)

Criteria for determining MREL (binding, Supplement, EU)

Exemptions from the scope of application of the Bail-in (binding, Supplement, EU)

RTS for contractual recognition of stay powers under the BRRD (binding, Supplement, EU)

Methodology to estimate Pillar 2 and CBR for setting MREL requirements (binding, Supplement, EU)

Contractual recognition of write down and conversion powers (binding, Supplement, EU)

Implementation Act on loss absorption and recapitalization capacity of banks - Implementatiebesluit verliesabsorptie- en herkapitalisatiecapaciteit van banken en beleggingsondernemingen and investment firms (BRRD2) (binding, Amendment, NL)

ITS on resolution planning reporting (binding, Amendment, EU)

Impracticability of contractual recognition of write down and conversion powers (binding, Supplement, EU)

Regulation on loss absorption and recapitalization capacity of banks and investment firms (binding, Amendment, NL)

RTS on content of recovery plans (binding, Supplement, EU)

ITS on simplified obligations (BRRD) (binding, Supplement, EU)

Rules on contributions of banks to resolution funds (binding, Supplement, EU)

RTS on business reorganisation plan (binding, Supplement, EU)

Payment of extraordinary ex post contributions and critical functions (binding, Supplement, EU)

RTS for methods and principles of valuation of derivatives arising from liabilities (binding, Supplement, EU)

Reporting for resolution plans (binding, Supplement, EU)

RTS for indirect subscription of MREL instruments within groups (binding, Supplement, EU)

Amendment to the calculation of eligible liabilities and the transitional period for contributions to resolution funds (binding, Amendment, EU)

Revision of the ITS on the reporting for resolution plans (binding, Supplement, EU)

Level 3 / Other

EBA - Final Q&A: BRRD - Other topics (binding, EU)

Insolvency treatment of certain liabilities of CRR institutions (binding, DE)

Supervision of significant branches (binding, EU)

Coverage of entities in a group recovery plan (binding, EU)

Guidelines on the treatment of shareholders in bail-in (binding, EU)

Guidelines on the rate of conversion of debt to equity in bail-in (binding, EU)

Guidelines on interrelationship BRRD and CRR-CRD (binding, EU)

Confidential information collected under the BRRD (binding, EU)

GL on business reorganisation plan (binding, EU)

GL Group financial support (binding, EU)

Minimum list of qualitative and quantitative recovery plan indicators (binding, EU)

Guidelines on failing or likely to fail (BRRD) (binding, EU)

Guideline on the sale of business tool (BRRD) (binding, EU)

Guideline on necessary services (BRRD) (binding, EU)

Guideline on the asset separation tool (BRRD) (binding, EU)

Guidelines on early intervention triggers (BRRD) (binding, EU)

Specification of measures to reduce or remove impediments to resolvability (binding, EU)

Tests, reviews or exercises that may lead to support measures (binding, EU)

Range of scenarios to be used in recovery plans (binding, EU)

Guidelines Advertisements/Applications for intragroup exemptions (binding, DE)

Expectations for Banks (binding, EU)

SRB’s Data Set for valuation (binding, EU)

BRRD early intervention framework (non-binding, EU)

Revision of guidelines on the assessment of suitability of the management body (fit and proper) (binding, EU)

Application and review of BRRD and SRM (non-binding, EU)

Handbook on valuation for purposes of resolution (non-binding, EU)

Framework for Valuation (non-binding, EU)

Recovery Plans for significant institutions (non-binding, EU)

Action plan: Tackling non-performing loans (NPLs) in the aftermath of the COVID-19 pandemic (non-binding, EU)

Report on the Application of Simplified Obligations and Waivers in Recovery and Resolution Planning (non-binding, EU)

Guidelines on improving resolvability (binding, Supplement, EU)

Revised Guidelines on recovery plan indicators (binding, EU)

Impracticability of bail-in recognition clauses in contracts (binding, EU)

Guidelines on transferability in resolution (binding, EU)

EBA - Final Q&A: BRRD - Resolution tools and powers (binding, EU)

EBA - Final Q&A: BRRD - Resolution objectives and triggers (binding, EU)

EBA - Final Q&A: BRRD - Write-down and conversion of capital instruments (binding, EU)

EBA - Final Q&A: BRRD - Special management (binding, EU)

EBA - Final Q&A: BRRD - Resolution financing arrangements (binding, EU)

EBA - Final Q&A: BRRD - Resolution plans (binding, EU)

EBA - Final Q&A: BRRD - MREL (binding, EU)

EBA - Final Q&A: BRRD - Cross-border resolution (binding, EU)

EBA - Final Q&A: BRRD - Valuation (binding, EU)

EBA - Final Q&A: BRRD - Intra-group financial support (binding, EU)

EBA - Final Q&A: BRRD - Recovery plans (binding, EU)

Guidelines on the publication of the writedown and conversion and bail-in exchange mechanic (non-binding, EU)

EBA - Final Q&A: BRRD - Reporting (binding, EU)

Consultation on the future of MREL policy (non-binding, EU)

Guidelines for total recovery capacity in remediation planning (binding, Supplement, EU)

Opinion on the amendments to the crisis management and deposit insurance framework (non-binding, EU)

Source: EU, 2014/59, 2014