Navigation path

Additional tools

Crisis Management

17.06.2016 - C(2016)3674

The Commission adopted an Implementing Regulation (EU) laying down implementing technical standards with regard to procedures, standard forms and templates for the provision of information for the purpose of resolution plans for credit institutions and investment firms pursuant to Directive 2014/59/EU of the European Parliament and of the Council.

16.06.2016 - C(2016)3441

The Commission adopted an Implementing Regulation (EU) laying down implementing technical standards with regard to the uniform formats, templates and definitions for the identification and transmission of information by competent authorities and resolution authorities to the European Banking Authority according to Directive 2014/59/EU of the European Parliament and of the Council.

09.06.2016 - C(2016)3440

La Commission a adopté un règlement d'exécution définissant des normes techniques d’exécution en ce qui concerne la forme et le contenu de la description des accords de soutien financier de groupe, conformément à la directive 2014/59/UE du Parlement européen et du Conseil établissant un cadre pour le redressement et la résolution des établissements de crédit et des entreprises d’investissement.

07.06.2016 - C(2016)3356

The Commission adopted a Delegated Regulation (EU) supplementing Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms with regard to regulatory technical standards specifying a minimum set of the information on financial contracts that should be contained in the detailed records and the circumstances in which the requirement should be imposed.

23.05.2016 – Delegated Regulation C(2016)2976

The Commission adopted a Delegated Regulation supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities.

23.05.2016 – Delegated Regulation C(2016)2967

The Commission adopted a Delegated Regulation (EU) supplementing Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms with regard to regulatory technical standards for methodologies and principles on the valuation of liabilities arising from derivatives.

17.05.2016 - C(2016)2637

The Commission adopted a Corrigendum to Delegated Regulation (EU) of 4.2.2016 specifying further the circumstances where exclusion from the application of write-down or conversion powers is necessary under Article 44(3) of Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms.

10.05.2016 – Delegated Regulation C(2016)2665

The Commission adopted a Delegated Regulation supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum elements of a business reorganisation plan and the minimum contents of the reports on the progress in the implementation of the plan.

23.03.2016 – Delegated Regulation C(2016)1691

The Commission adopted a Delegated Regulation supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the content of recovery plans, resolution plans and group resolution plans, the minimum criteria that the competent authority is to assess as regards recovery plans and group recovery plans, the conditions for group financial support, the requirements for independent valuers, the contractual recognition of write-down and conversion powers, the procedures and contents of notification requirements and of notice of suspension and the operational functioning of the resolution colleges.

18.03.2016 – Delegated Regulation C(2016)1372

The Commission adopted a Delegated Regulation on classes of arrangements to be protected in a partial property transfer under Article 76 of Directive 2014/59/EU of the European Parliament and of the Council.

04.02.2016 – Delegated Regulation C(2016)379

The Commission adopted a Delegated Regulation (EU) specifying further the circumstances where exclusion from the application of write-down or conversion powers is necessary under Article 44(3) of Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms.

02.02.2016 – Delegated Regulation C(2016)424

The Commission adopted a Delegated Regulation (EU) supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to the circumstances and conditions under which the payment of extraordinary ex-post contributions may be partially or entirely deferred, and on the criteria for the determination of the activities, services and operations with regard to critical functions, and for the determination of the business lines and associated services with regard to core business lines.

14.12.2015 – Delegated Regulation C(2015)8835

Commission adopts a Delegated Regulation correcting Delegated Regulation (EU) 2015/63 supplementing DirectiveThe Bank Recovery and Resolution Directive (BRRD) applies in all Member States.

01.01.2015 – The Bank Recovery and Resolution Directive (BRRD) applies in all Member States

As of 1 January 2015 all Member States have to apply a single rulebook for the resolution of banks and large investment firms, as prescribed by the Bank Recovery and Resolution Directive. The new rules will harmonise and improve the tools for dealing with bank crises across the EU.

21.10.2014 – Commission adopts detailed rules on contributions of banks to resolution funds

In October 2014 the Commission adopted a delegated act to calculate the contributions of banks to the national resolution funds. On December 2014 the European Parliament and the Council notified the Commission that they had no objections to the delegated act (see IP/14/2784). This act will determine how much individual credit institutions will have to pay each year to their respective resolution funds according to the bank’s size and risk profile. The delegated Regulation was published in the Official Journal of the EU on 17.01.2015.

20.04.2014 – Public consultation on the contributions of credit institutions to resolution financing arrangements

On 20 June 2014 the European Commission launched a consultation on the contributions of credit institutions to resolution financing arrangements under the Bank Recovery and Resolution Directive and the Single Resolution Mechanism.

15.04.2014 – The European Parliaments adopts the Bank Recovery and Resolution Directive

On 15 April 2014 the European Parliament adopted the Bank Recovery and Resolution Directive (BRRD), proposed by the Commission on June 2012. The BRRD sets new rules for all 28 Member States to put an end to the old paradigm of bank bail-outs, which cost taxpayers’ hundreds of billions of euros in the crisis.

On 12 June 2014 the Directive was published in the Official Journal of the European Union.

12.12.2013 – Trilogue agreement on the EU framework for bank recovery and resolution

An agreement was reached on 12 December 2013 between the European Parliament, EU Member States and the Commission on the bank recovery and resolution directive. This political agreement is subject to technical finalisation and formal approval by the co-legislators.

27.06.2013 – EU finance ministers reach agreement on the Bank Recovery and Resolution Directive

At the ECOFIN Council of 27 June 2013, finance ministers of the Member States agreed on a General Approach on the draft directive establishing a framework for the recovery and resolution of failing banks. This opens the way for trilogue negotiations between the Council, the Commission and the Parliament with the aim of finalising the directive at first reading before the end of the year.

05.10.2012 – Consultation on a possible framework for the recovery and resolution of financial institutions other than banks

On 5 October 2012, the Commission launched a consultation on a possible framework for the recovery and resolution of financial institutions other than banks. The initiative followed the adoption, on 6 June 2012, of a Commission proposal for an EU framework in this area for banks and investment firms. Consistent with international-level work in this area, it examined whether and how the failure of different kinds of nonbank financial institutions, notably central counterparties, central securities depositories, and systemic insurance companies, should be managed by specific steps to ensure orderly recovery and resolution where necessary. The consultation was closed on 28 December 2012.

06.06.2012 – EU framework for bank recovery and resolution

On 6 June 2012, the Commission adopted a legislative proposal for bank recovery and resolution. The proposed framework sets out the necessary steps and powers to ensure that bank failures across the EU are managed in a way which avoids financial instability and minimises costs for taxpayers.

Archives »