Third-country relations in the Directive establishing a framework for the recovery and resolution of credit institutions

Series: Working Papers. 1409.

Author: María J. Nieto.

Topics: International cooperation | Financial institutions, Banks | Single Resolution Mechanism | European Union | Non-financial corporations, businesses.

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Third-country relations in the Directive establishing a framework for the recovery and resolution of credit institutions (680 KB)

Abstract

This article presents a critical analysis of the principles behind the scope and forms of cooperation between EU Member States and third-country resolution authorities in the context of the 2014 Bank Recovery and Resolution Directive. The article also explores the future responsibilities of the prospective Single Resolution Authority regarding relations between the euro area and third-country resolution authorities.