bail-in tool means the mechanism for effecting the exercise by a resolution authority of the write-down and conversion powers in relation to liabilities of an institution under resolution in accordance with Article 43;
bail-in tool means the bail-in tool as defined in point (57) of Article 2(1) of Directive 2014/59/EU;
bail-in tool means the write-down and conversion powers of liabilities of an institution that meets the conditions for resolution;
Examples of bail-in tool in a sentence
Tröger, ‘Too Complex to Work: A Critical Assessment of the Bail-in Tool under the European Bank Recovery and Resolution Regime’, Journal of Financial Regulation 2018, no.
More Definitions of bail-in tool
bail-in tool means the exercise by a resolution authority of the write-down and conversion powers in relation to liabilities of an institution that meets the conditions for resolution in accordance with Article 37;
bail-in tool means, in relation to an institution that is placed in resolution, the power of resolution authorities inter alia to ensure that capital instruments and eligible liabilities, including senior debt instruments such as the Notes, absorb losses of the issuing institution, through the write-down or conversion to equity of such instruments. A reference to a "Regulated Entity" is any entity referred to in Section 1 of Article L.613-34 of the French Code monétaire et financier as amended from time to time.
bail-in tool means any power existing from time to time under any laws, regulations, rules or requirements in effect in France, relating to the transposition of Directive 2014/59/EU of the European Parliament and of the Council of May 15, 2014 (as amended from time to time) establishing a framework for the recovery and resolution of credit institutions and investment firms, including without limitation pursuant to French decree-law No. 2015-1024 dated August 20, 2015 (Ordonnance portant diverses dispositions d’adaptation de la législation au droit de l’Union européenne en matière financière) (as amended from time to time, the “August 20, 2015 Decree Law”), Regulation (EU) No 806/2014 of the European Parliament and of the Council of July 15, 2014 establishing uniform rules and a uniform procedure for the resolution of credit institutions and certain investment firms in the framework of a Single Resolution Mechanism and a Single Resolution Fund and amending Regulation (EU) No 1093/2010, or otherwise arising under French law, and in each case the instructions, rules and standards created thereunder, pursuant to which the obligations of a Regulated Entity (as defined below) (or an affiliate of such Regulated Entity) can be reduced (in part or in whole), cancelled, suspended, transferred, varied or otherwise modified in any way, or securities of a Regulated Entity (or an affiliate of such Regulated Entity) can be converted into shares, other securities, or other obligations of such Regulated Entity or any other person, whether in connection with the implementation of a Bail-in Tool following placement in resolution or otherwise
bail-in tool means the mechanism for effecting the exercise of the write-down and conversion power in relation to the liabilities of a selected institution under resolution;
bail-in tool means the mechanism described Article 65(1) for recapitalizing a bank or exercise of the write down or conversion power;
bail-in tool means the mechanism for effecting the exercise by the resolution authority of the write-down and conversion powers in relation to liabilities of an institution under resolution, in accordance with section 12A of the Banking Act 2009;”;
bail-in tool means, in relation to an institution that is placed in resolution, the power of resolution authorities inter alia to ensure that capital instruments and eligible liabilities, including senior debt instruments such as the Notes, absorb losses of the issuing institution, through the write-down or conversion to equity of such instruments.