EU Financial Regulatory Q&A Database

Treatment of CIUs in internal model for market risk – own funds requirement (add-on)

Regulation (EU) No 575/2013 (CRR) · Art. 364, 350

API functionality

Directive 2015/2366/EU (PSD2) · Art. 64

Irrevocability of a payment order initiated by a PISP

Directive 2015/2366/EU (PSD2) · Art. 80

Liquid asset received as a component of a pool of collateral in securities transaction (reverse repo or collateral swap).

Regulation (EU) No 575/2013 (CRR) · Art. 423

Sequence of bail-in and write down of capital

Directive 2014/59/EU (BRRD) · Art. 48, 60

Meaning of “rate of conversion that severely dilutes existing holdings of shares or other instruments of ownership”

Directive 2014/59/EU (BRRD) · Art. 47

Particular wording used in Articles 45h(5)

Directive 2014/59/EU (BRRD) · Art. 45h

AST in combination with other resolution tools

Directive 2014/59/EU (BRRD) · Art. 42

Transfer of assets to an asset management vehicle

Directive 2014/59/EU (BRRD) · Art. 42

Principal amount in Articles 43-60

Directive 2014/59/EU (BRRD) · Art. 43

Conversion of eligible liabilities to equity

Directive 2014/59/EU (BRRD) · Art. 43

Purpose of the use of the power to write down and convert capital instruments and eligible liabilities

Directive 2014/59/EU (BRRD) · Art. 37

Exception to the scope of the bail-in tool (Article 44(2)(g)(iii))

Directive 2014/59/EU (BRRD) · Art. 44

Fiduciary relationship

Directive 2014/59/EU (BRRD) · Art. 44

Meaning of “liability” in Article 60(2)(b)

Directive 2014/59/EU (BRRD) · Art. 60

Compensation in Article 60(2)(c)

Directive 2014/59/EU (BRRD) · Art. 60

Financial Customers

Regulation (EU) No 575/2013 (CRR) · Art. 411

Difference in treatment of viable subsidiaries for the application of write down and conversion of capital instruments and resolution tools and powers

Directive 2014/59/EU (BRRD) · Art. 59

Interaction between Articles 37(2) and 59(3)

Directive 2014/59/EU (BRRD) · Art. 37

Instruments representing interests in shares or other instruments of ownership

Directive 2014/59/EU (BRRD) · Art. 2

Definition of “aggregate liabilities” and “total liabilities” in the context of the 5% threshold

Regulation (EU) No 575/2013 (CRR) · Art. 24, 415

Special resolution regimes for credit institutions not covered by the Directive / partly resolved via insolvency

Directive 2014/59/EU (BRRD) · Art. 2

Direct fiscal impact and systemic implication in Article 3(6)

Directive 2014/59/EU (BRRD) · Art. 3

Use of resolution tools without issuing a formal decision

Directive 2014/59/EU (BRRD) · Art. 32, 82

Use of valuation to apply resolution tools and to initiate resolution

Directive 2014/59/EU (BRRD) · Art. 36

Two separate ex-ante valuations for resolution purposes

Directive 2014/59/EU (BRRD) · Art. 36

Branches of institutions that are established outside the Union

Directive 2014/59/EU (BRRD) · Art. 1

Clarification on Article 36(6)(a)

Directive 2014/59/EU (BRRD) · Art. 36

Power of the resolution authority to transfer back

Directive 2014/59/EU (BRRD) · Art. 38

References to shareholders in Article 34 (and 44)

Directive 2014/59/EU (BRRD) · Art. 34, 44

Special manager as insolvency manager

Directive 2014/59/EU (BRRD) · Art. 35

Definition of the target level for national resolution systems since 2016

Directive 2014/59/EU (BRRD) · Art. 103

Resolution plan for an institution without any critical economic functions

Directive 2014/59/EU (BRRD) · Art. 10, 12

Composition of resolution college

Directive 2014/59/EU (BRRD) · Art. 88

Variable component of the remuneration of material risk takers

Directive 2014/59/EU (BRRD) · Art. 44

MREL regarding liabilities governed by the law of a third-country

Directive 2014/59/EU (BRRD) · Art. 55

Rights over or in relation to assets, rights and liabilities transferred

Directive 2014/59/EU (BRRD) · Art. 38, 40, 42

Payment of consideration in shares of a bridge institution

Directive 2014/59/EU (BRRD) · Art. 37, 40

Interaction of shares transfer with the resolution process

Directive 2014/59/EU (BRRD) · Art. 38, 40

Wholly or partially owned by a public authority requirement and bail-in

Directive 2014/59/EU (BRRD) · Art. 40, 41, 43

Authorisation of the purchaser of a (bridge) institution in another Member State

Directive 2014/59/EU (BRRD) · Art. 38, 38

Reimbursement of resolution expenses via sale of the asset management vehicle

Directive 2014/59/EU (BRRD) · Art. 37

Responsibility to pay expenses

Directive 2014/59/EU (BRRD) · Art. 37

Winding up or liquidation of residual entity

Directive 2014/59/EU (BRRD) · Art. 37

Transfer of assets, rights and liabilities to the bridge institution / asset management vehicle

Directive 2014/59/EU (BRRD) · Art. 40, 42

Winding up of a bridge institution

Directive 2014/59/EU (BRRD) · Art. 41

Clarification of “access to critical functions”

Directive 2014/59/EU (BRRD) · Art. 41

Liability in the context of special management

Directive 2014/59/EU (BRRD) · Art. 35

Determination made by competent authority

Directive 2014/59/EU (BRRD) · Art. 32 / 81 / 82

Stating in law that banks’ activities are always in the public interest

Directive 2014/59/EU (BRRD) · Art. 32