EBU Single Rulebook Q&A 25 October 2017 2017_3571 Difference between taking control and being able to exercise the control

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European Union · · · 10-11-2017

What is the difference between taking control over the institution and being able to exercise the control? Article 63(1)(b) of Directive 2014/59/EU (BRRD) states that “Member States shall ensure that the resolution authorities have all the powers necessary to apply the resolution tools to institutions […] (b) the power to take control of an institution under resolution and exercise all the rights

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