On 27 October 2021, European Commission published the Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks, and amending Directive 2014/59/EU (CRD6) (COM(2021) 663 final / 2021/0341 (COD)) to amend the BRRD.
The condensed text below shows the proposed amendments from the COM(2021) 663 final / 2021/0341 (COD) for affected provisions only.
- Article 27 Early intervention measures
- Article 34 General principles governing resolution
Article 27 Early intervention measures
1. Where an institution infringes or, due, inter alia, to a rapidly deteriorating financial condition, including deteriorating liquidity situation, increasing level of leverage, non-performing loans or concentration of exposures, as assessed on the basis of a set of triggers, which may include
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