Belgium is the only EU country that has still not finalised transposition of the Bank Recovery and Resolution Directive (BRRD 2014/59) on the recovery and restructuring of banking groups. Although the country is now the subject of an infringement procedure for, it is expected to finalise transposition by November.
The BRRD provides a framework for the national resolution and bank restructuring systems. These rules have been applicable since January 2015 and make it obligatory for banks...