cepPolicyBrief
Financial Markets
Bank Resolution (BRRD) Part 2 (Directive)
cepPolicyBrief
The creation of a resolution and recovery regime is essential. Recovery plans contribute to crisis prevention. Resolution plans are imperative, as is the ability of the authorities to order an institution to implement any of a wide range of measures to achieve resolvability. Special managers and remedies prescribed as part of the recovery planning are only acceptable for institutions which cannot be resolved without state aid.