EBU Single Rulebook Q&A 8 December 2016 2016_3040 Fiduciary relationship

What is a “fiduciary relationship” according to Directive 2014/59/EU (BRRD)? We do not find any interpretation of the "fiduciary relationship" within the BRRD. In relation to the exclusion of the scope of the liabilities arising out of or deriving from a fiduciary relationship, creditors located in common law jurisdictions would be very often in a position to claim for the exclusion of their