Bank Recovery and Resolution Directive definition

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union.

Bank Recovery and Resolution Directive means any relevant laws and regulations applicable to the Issuer or other members of Rabobank Group at the relevant time pursuant to, or which implement, or are enacted within the context of, a directive and/or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms.

Bank Recovery and Resolution Directive or “BRRD” means 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

Examples of Bank Recovery and Resolution Directive in a sentence

• However, this is without prejudice to the investors' rights under the guarantee of the Guarantor.Bail-in: The Bank Recovery and Resolution Directive (BRRD) provides "Resolution Authorities" across the European Union with a comprehensive set of tools to deal with failing European financial institutions by using amongst other things the "bail-in".

• The Guarantor is subject to the exercise of the bail-in powers under the French legislation for implementation of the Bank Recovery and Resolution Directive ("BRRD").

• EU Bank Recovery and Resolution DirectiveThe EU Bank Recovery and Resolution Directive (2014/59/EU) (collectively with secondary and implementing EU rules, and national implementing legislation, the “ BRRD”) equips national authorities in Member States (the “Resolution Authorities”) with tools and powers for preparatory and preventive measures, early supervisory intervention and resolution of credit institutions and significant investment firms (collectively, “relevant institutions”).

• The Issuer is subject to the exercise of the bail-in powers under the Luxembourg legislation for implementation of the Bank Recovery and Resolution Directive (“BRRD”).

• The EU Bank Recovery and Resolution Directive (2014/59/EU) (collectively with secondary and implementing EU rules, and national implementing legislation, the “BRRD”) equips national authorities in Member States (the “Resolution Authorities”) with tools and powers for preparatory and preventive measures, early supervisory intervention and resolution of credit institutions and significant investment firms (collectively, “relevant institutions”).

More Definitions of Bank Recovery and Resolution Directive

Bank Recovery and Resolution Directive or “BRRD” means both Directive 2014/59/EU and those provisions of UK domestic law, rules or regulation which retain, implement, adopt or set out provisions substantially similar to Directive 2014/59/EU. For the avoidance of doubt, any reference to the 'Bank Recovery and Resolution Directive' or 'BRRD' shall include, as applicable, any accompanying and/or subsidiary legislation, and any national laws implementing the BRRD;

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union of 15 May2014.

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of the European Union. “”Bankruptcy Code”” means Title 11 of the United States Code, entitled “”Bankruptcy” ”, as amended from time to time, and any successor statuteor statutes.

Bank Recovery and Resolution Directive or “BRRD” means Directive 2014/59/EU;

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of 15 May 201494 as amended by—

Bank Recovery and Resolution Directive or “BRRD” means Directive 2014/59/EU; “BRRD Entity” means EEA or UK based entities within the scope of the BRRD or UK BRRD respectively, including credit institutions, certain investment firms and/or their EEA/UK subsidiaries or parents). For the avoidance of doubt, this includes Sova Capital Limited; “BRRD Resolution Authority” means any resolution authority empowered to apply the resolution tools or exercise the resolution powers under the BRRD or UK BRRD; “UK BRRD” means the UK’s amended version of the BRRD, which includes UK Banking Act 2009 (Part I) and any other law or regulation applicable in the UK relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings), applicable from the Effective Date; “Effective Date” means 31 December 2020, end of transition period agreed between the EEA and the UK as part of the UK exit from the EU.

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of 15 May 20149;