Brussels, 24/09/2014 (Agence Europe) - On Wednesday 24 September, the European Banking Authority (ABE) adopted guidelines laying down the conditions under which extraordinary public support measures will not automatically trigger a bank resolution process.
Under the “BBRD” directive (2014/59), which harmonises the national bank resolution procedures in the EU from 2015, extraordinary public support - involving the injection of own funds or the acquisition of capital instruments - to...