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Europe Daily Bulletin No. 11392

19 September 2015
Contents Publication in full By article 12 / 31
ECONOMY - FINANCE / (ae) banking
Commission says German law complies with BRRD Directive

Brussels, 18/09/2015 (Agence Europe) - The European Commission feels that the draft German law transposing the BRRD Directive (2004/59) on bank resolution and restructuring schemes complies with EU rules.

The directive came into force in January 2015 and introduces a hierarchy of investors for contributions to a bail-in of a failed European bank. From 2016 onwards, shareholders and bank lenders will be the first to have to contribute, followed by private savers holding more than €100,000...

Contents

SECTORAL POLICIES
ECONOMY - FINANCE
EXTERNAL ACTION
NEWS BRIEFS
EVENTS CALENDAR
BUSINESS NEWS NO 159
CORRIGENDUM