ISDA briefing note for EU Member States re Art.77(1) BRRD

Article 77(1) of the Bank Recovery and Resolution Directive (BRRD) requires Member States to ensure that there is “appropriate protection” for title transfer financial collateral arrangements and set off and netting arrangements in a resolution measure undertaken by national authorities when exercising partial property transfer and contractual modification powers. ISDA has prepared a briefing note to assist EU Member States in implementing this important creditor safeguard under the BRRD.

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