On Wednesday 5 October, the European Commission announced that it had approved a Croatian bank resolution scheme, to be used for smaller banks with total assets not exceeding €1.5 billion. This support measure would be used only if these banks were considered to be in distress by the competent national authorities. The resolution scheme will use the tools available in the framework of the Bank Recovery and Resolution Directive (BRRD) (2014/59). In particular, the Commission explains, as...