EBA zeroes in on recovery and resolution trigger conditions
Consultation process for resolution triggers now under way
The European Banking Authority (EBA) has unveiled its latest progress towards defining the exact conditions under which a European bank might be deemed to have failed or be about to fail, triggering a resolution process.
A key part of the European Bank Recovery and Resolution Directive (BRRD) is avoiding the use of taxpayers' money during bank resolution.
The BRRD specifies that an institution that cannot meet a shortfall in capital using private funds will automatically enter resolution except
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