EBU Single Rulebook Q&A 12 February 2016 2016_2620 Direct fiscal impact and systemic implication in Article 3(6)
Also known as
European Union · · · 21-01-2022
How can the terms “direct fiscal impact” and “systemic implication” in Article 3(6) be transposed in a way that removes ambiguity? Article 3(6) of Directive 2014/59/EU (BRRD) requires that the resolution authority has the approval of the competent ministry (unless otherwise provided for in national law) before implementing decisions that have a direct fiscal impact or a systemic implication.
Read the full text
This document is published by eba.europa.eu.
Moonlit adds the citation network, article-level links and cross-references, which are available to search for free.
Sign in to Moonlit