Report on the application and review of the bank recovery and resolution directive and the single resolution mechanism regulation - European Commission
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Report on the application and review of the bank recovery and resolution directive and the single resolution mechanism regulation

Details

Publication date
30 April 2019
Author
Directorate-General for Financial Stability, Financial Services and Capital Markets Union
Related department
Directorate-General for Financial Stability, Financial Services and Capital Markets Union

Description

On 30 April 2019 the European Commission adopted the report assessing the implementation of the bank recovery and resolution directive (BRRD) and the single resolution mechanism regulation (SRMR), core building blocks of the banking union adopted in the wake of the financial crisis.

Given that the two legislative instruments have thus far have been applied in a very limited number of cases, the report concludes that more time is needed for their assessment before any amendments are proposed.