EBU Single Rulebook Q&A 6 July 2015 2015_2092 Group recovery plans with regard to non-EU subsidiaries
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European Union · · · 24-07-2015
Does the requirement to draw up a group recovery plan as established in Article 7 (1) of Directive 2014/59/EU (BRRD) also cover non-EU subsidiaries? Article 7 (1) of Directive 2014/59/EU (BRRD) provides that the group recovery plan shall “identify measures […] to be implemented at the level of Union parent undertaking and each individual subsidiary”.
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