Impracticability of bail-in recognition clauses in contracts

Topic area:
Status: 05.01.2022 |
Archived
Key words:
Resolution, Recovery
Initiative
Official name
Notification of impracticability to include bail-in recognition clauses in contracts:
SRB approach and expectations
Type
Other
Level 3 / Other
Initiator
SRB
Submitted
Doc. code
Summary
Status
Status

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Current version
Final version
25.10.2021
Next step
Entry into force and application
Entry into force

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Application date

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Scope
Relevant for

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Associated initiatives
Level 1
Bank Recovery and Resolution Directive (BRRD) (binding, Main version, EU)
Level 2
Contractual recognition of write down and conversion powers (binding, Supplement, EU)
Level 3 / Other
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Source: SRB, Notification of impracticability to include bail-in recognition clauses in contracts:
SRB approach and expectations, 2021