The Bank Recovery and Resolution Directive (BRRD), which entered into force in mid-2014, regulates crisis prevention tools for credit institutions and investment companies, while also setting resolution measures for failing credit institutions and investment companies across the EU. The aim of the Directive is to effectively solve the issues of these institutions using their own rather than tax payers’ funds.
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Directive
Regulations
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EBA guidelines
- EBA final draft Regulatory Technical Standards on the content of recovery plans under Article 5(10) of Directive 2014/59/EU
- Guidelines on the range of scenarios to be used in recovery plans
- Guidelines on the minimum list of qualitative and quantitative recovery plan indicators
- Guidelines specifying the conditions for group financial support under Article 23 of Directive 2014/59/EU
- Guidelines on the interpretation of the different circumstances when an institution shall be considered as failing or likely to fail under Article 32(6) of Directive 2014/59/EU
- Technical advice on the delegated acts on critical functions and core business lines
- Comparative report on the approach to determining critical functions and core business lines in recovery plans
- Comparative report on the approach taken on recovery plan scenarios
Republic of Lithuania legislature
- Law on the Amendment of Republic of Lithuania Law on Financial Stability No XI-393
- Law on the Amendment of Articles 2, 10, 61, 62, 67, 71, 72, 73, 75, 76, 77, 83, 84, 85, 87, the Annex and on the Repeal of Paragraph 13 of Republic of Lithuania Law on Banks No IX-2085 and Its Supplement with Articles 36-1, 75-1, 75-2
- Law on the Amendment of Republic of Lithuania Law on Insurance of Deposits and Liabilities to Investors No IX-975
- Law on the Amendment of Articles 1, 8, 11, 45, Annexes 1 and 2 and on the Repeal of Article 44 of Republic of Lithuania Law on the Bank of Lithuania No I-678 and Its Supplement with Article 21-1 and new Annex 2
- Law on the Amendment of Articles 2, 10, 47, 48, 53, 56, 57, 58, 60, 67, 68, 71 and the Annex of Republic of Lithuania Law on the Central Credit Union No VIII-1682 and Its Supplement with Articles 60-1, 60-2
- Law on the Amendment of Articles 2, 3, 71, 81, 83, 84, 87 and the Annex of Republic of Lithuania Law on Markets in Financial Instruments No X-1024 and Its Supplement with Articles 9-1, 85-1
- Law on the Amendment of Article 57 of Republic of Lithuania Law on Financial Institutions No IX-1068
- Law on the Amendment of Articles 62, 73 and the Annex of Republic of Lithuania Law on Credit Unions No 1-796
- Law on the Amendment of Article 3 and the Annex of Republic of Lithuania Law on Financial Collateral Arrangements No IX-2127
- Law on the Amendment of Article 1 and the Annex of Republic of Lithuania Law on Companies No VIII-1835
- Law on the Amendment of Article 1 and the Annex of Republic of Lithuania Law on Cross-Border Mergers of Limited Liability Companies No X-1367
- Law on the Amendment of Article 3 and the Annex of Republic of Lithuania Law on on the Participation of Employees in Companies after Cross-border Mergers of Limited Liability Companies No X-1607
- Law on the Amendment of Article 6.116 of the Civil Code of the Republic of Lithuania
- Law on the Amendment of Articles 145, 163, 166, 267-1, 626 and 627 of the Civil Code of the Republic of Lithuania
- Law on the Amendment of 71, 88-1, 98 and 99 of Republic of Lithuania Law on Administrative Proceedings No VIII-1029
Bank of Lithuania legislature
- On the approval of the regulations for drawing up recovery plans
- On the approval of the list of information the Bank of Lithuania may require from institutions for drawing up and updating resolution plans as well as the rules for obtaining this information
- On the approval of criteria the Bank of Lithuania will take into account in resolvability assessment of an institution or financial group
- On the application of EBA guidelines related to the Bank Recovery and Resolution Directive and Directive on deposit-guarantee schemes
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