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ARTICLE · 14 DECEMBER 2021

Update: Dutch Implementation BRRD 2

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The legislative proposal to implement BRRD2 into Dutch legislation was published on 9 September 2021 and is currently under review by the Dutch Parliament.

NetherlandsFinance and Banking
Kitty Lieverse
Kitty Lieverse
Susanne Langenberg
Susanne Langenberg

The legislative proposal to implement BRRD2 into Dutch legislation was published on 9 September 2021 and is currently under review by the Dutch Parliament. The implementation act completes the Dutch law provisions for the recovery and resolution regime for banks and certain investment firms. The Netherlands implements BRRD2 with significant delay, where the national law provisions were required to become applicable from 1 January 2021.

Background

The directive (EU) 2019/879 (BRRD2), together with regulation 2019/877 (SRMR2), effect changes to the Bank Recovery and Resolution Directive (EU) 2014/59 (BRRD) and the Single Resolution Mechanism regulation 806/2014 (SRMR) with respect to loss absorption and recapitalisation capacity of banks and investment firms.

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