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Europe Daily Bulletin No. 11369

30 July 2015
ECONOMY - FINANCE / (ae) banks
Thirteen EU countries have transposed BRRD Directive

Brussels, 29/07/2015 (Agence Europe) - So far, nearly half of all member states have notified the European Commission of their national measures to transpose the BRRD Directive (2004/59) harmonising the national bank restructuring and resolution schemes.

Greece is the latest member state to date to have adopted a national text to transpose the European rules applicable since January 2015. This procedure was one of the prior actions Athens had to execute before the eurozone countries would...