EBU Single Rulebook Q&A 22 September 2015 2015_2315 Authorisation of the bridge institution
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European Union · · · 02-10-2015
Could the bridge institution also be a simple holding company instead of an authorised institution (authorised in accordance with Directive 2013/36/EU or Directive 2014/65/EU, as applicable)? Article 40 (1) (a) of Directive 2014/59/EU (BRRD) states that Member States shall ensure that resolution authorities may transfer the shares of an institution under resolution to the bridge bank.
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