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May 11, 2015

Bank Recovery and Resolution Directive – Implications for Repo and Derivative Counterparties

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The Bank Recovery and Resolution Directive (BRRD) introduces an EU wide regime for recovery and resolution planning for, and for resolution action to be taken in respect of, banks and large investment firms (typically the large sell side institutions) (FIs)[1]. The cut off for implementation was 31 December 2014, except the bail-in tool (described below) which needs to be implemented by 1 January 2016.

View memo, Bank Recovery and Resolution Directive – Implications for Repo and Derivative Counterparties

Authors and Contributors

Patrick Clancy

Partner

Finance

+44 20 7655 5878

+44 20 7655 5878

London

James Duncan

Partner

Finance

+44 20 7655 5757

+44 20 7655 5757

London

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Solomon J. Noh

Partner

Financial Restructuring & Insolvency

+44 20 7655 5795

+44 20 7655 5795

London

Reena Agrawal Sahni

Partner

Financial Institutions Advisory & Financial Regulatory

+1 212 848 7324

+1 212 848 7324

New York

Geoffrey Goldman

Partner

Derivatives & Structured Products

+1 212 848 4867

+1 212 848 4867

New York

Donna Parisi

Partner

Derivatives & Structured Products

+1 212 848 7367

+1 212 848 7367

New York

Azam Aziz

Partner

Derivatives & Structured Products

+1 212 848 8154

+1 212 848 8154

New York

Leona McManus

Counsel

Finance

+44 20 7655 5540

+44 20 7655 5540

London

Kolja Stehl

Counsel

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5864

+44 20 7655 5864

+49 69 9711 1623

+49 69 9711 1623

London