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

• To qualify as AT1s the CoCos need to be able to be written down or converted into equity when a certain trigger CET1 is reached or when the relevant regulatory authority deems the issuer being non-viable under the Bank Recovery and Resolution Directive.

• 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 EU Member States (the “EU Resolution Authorities”) with tools and powers for preparatory andpreventive measures, early supervisory intervention and resolution of credit institutions and significant investment firms (collectively, “relevant institutions”).

• In the UK, the EU Bank Recovery and Resolution Directive (2014/59/EU) was implemented into UK law in the Banking Act 2009 (as further amended, including by the Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (SI 2020/1350)) (“UK BRRD”).

• In the UK, the EU Bank Recovery and Resolution Directive (2014/59/EU) was implemented into UK law in the Banking Act 2009 (as further amended, including by the Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (SI 2020/1350) (“UK BRRD”)).

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 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 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; “BRRD Entity” means those EEA entities within the scope of the BRRD including EEA credit institutions, certain EEA investment firms and/or their EEA subsidiaries or parents. For the avoidance of doubt, this includes SOVA CAPITAL LIMITED;

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 statute or statutes. “Bankruptcy Law” means the Bankruptcy Code or any similar federal law or state law for the relief of debtors and all other liquidation, conservatorship,bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, arrangement, receivership, interim-receivership, insolvency, reorganization, winding-up orsimilar debtor relief applicable laws including any laws relating to the compromise or settlement of debt with creditors or any class of them (including under corporate statutes) of the United States, states thereof or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

Bank Recovery and Resolution Directive means Directive 2014/59/EU of the European Parliament and of the Council of 15 May 20144 establishing a framework for the recovery and resolution of credit institutions and investment firms, as amended by Directive (EU) 2017/2399 of the European Parliament and of the Council of 12 December 20175 and Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 20196;”,