Tuesday 6 January 2015

UK: The Bank Recovery and Resolution Order 2014

The Bank Recovery and Resolution Order 2014 was made last month and came into force on 1 January: see here or here (pdf). The Order is one of several that implement Directive 2014/59/EU (establishing a framework for the recovery and resolution of credit institutions and investment firms). An explanatory memorandum is available here (pdf). A transposition note for the Directive is available here (pdf).

No comments: