Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.8:4.8 Third party treatment
Public funding of failing banks in the European Union (LBF vol. 19) 2020/4.8
4.8 Third party treatment
Documentgegevens:
M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
M. Louisse-Read
- JCDI
JCDI:ADS213781:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Deze functie is alleen te gebruiken als je bent ingelogd.
If a bank is placed in resolution, this has not only consequences for the bank itself, but also for its shareholders, creditors and counterparties. For example, shares, other instruments of ownership, rights, assets or liabilities may be transferred to another party, capital instruments and eligible liabilities may be subject to write down or conversion powers or contracts may be cancelled or modified. This section discusses the provisions of the resolution framework that deal with the treatment of third parties.
4.8.1 Transfer of shares, other instruments of ownership, assets, rights or liabilities4.8.2 The exercise of the PONV conversion power and the application of the bail-in tool4.8.3 Cancellation and modification of contractual terms4.8.4 Further restrictions of rights