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  • 10-07-2015

On 27 May 2015, the bill for the Act implementing the European framework for the recovery and resolution of banks and investment firms (the "Implementation Act") and the explanatory memorandum thereto (the "Explanatory Memorandum") were published. The purpose of the Implementation Act is to implement the Bank Recovery and Resolution Directive ("BRRD") and to facilitate the application of the Single Resolution Mechanism Regulation ("SRMR"). This newsletter highlights certain important aspects of the Implementation Act and follows on from our previous newsletter regarding the consultation version of the Act.

Please read more on this topic in our newsletter.

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