What changed, Directive 2014/59/EU

− ## TITLE I / **SCOPE, DEFINITIONS AND AUTHORITIES**
− ## Section 1 / **General provisions**
− ## Section 2 / **Recovery planning**
− ## Section 3 / **Resolution planning**
− ## *CHAPTER II* / ***Resolvability***
− where ‘Qn’ = the ordinal number of the quartile concerned.
− ## *CHAPTER III* / ***Intra group financial support***
− ## TITLE III / **EARLY INTERVENTION**
− ## *CHAPTER I* / ***Objectives, conditions and general principles***
− ## *CHAPTER II* / ***Special management***
− ## *CHAPTER III* / ***Valuation***
− ## Section 1 / **General principles**
− ## Section 2 / **The sale of business tool**
− ## Section 3 / **The bridge institution tool**
− ## Section 4 / **The asset separation tool**
− ## Subsection 1 / **Objective and scope of the bail-in tool**
− ## Subsection 2 / **Minimum requirement for own funds and eligible liabilities**
− **4.** For the purposes of Article 45h(2), where more than one G-SII entity belonging to the same G-SII are resolution entities, the relevant resolution authorities shall calculate the amount referred to in paragraph 3:(a) for each resolution entity;(b) for the Union parent entity as if it was the o…
− **6.** EBA shall develop draft regulatory technical standards further specifying methods to avoid that instruments recognised for the purposes of this Article indirectly subscribed, in part or in full, by the resolution entity hamper the smooth implementation of the resolution strategy. Such methods…
− **2.** Where more than one G-SII entity belonging to the same G-SII are resolution entities, the resolution authorities referred to in paragraph 1 shall discuss and, where appropriate and consistent with the G-SII’s resolution strategy, agree on the application of Article 72e of Regulation (EU) No 5…
− (a) the adjustment may be applied in respect of differences in the calculation of the total risk exposure amounts between the relevant Member States by adjusting the level of the requirement;
− (b) the adjustment shall not be applied to eliminate differences resulting from exposures between resolution groups. The sum of the amounts referred to in point (a) of Article 45d(4) of this Directive and Article 12a of Regulation (EU) No 575/2013 for individual resolution entities shall not be lowe…
− ## Subsection 3 / **Implementation of the bail-in tool**
− ## Subsection 4 / **Bail-in tool: ancillary provisions**
− ## *CHAPTER V* / Write down or conversion of capital instruments and eligible liabilities
− ## *CHAPTER VI* / ***Resolution powers***
− ## *CHAPTER VII* / ***Safeguards***
− ## *CHAPTER VIII* / ***Procedural obligations***
− ## *CHAPTER IX* / ***Right of appeal and exclusion of other actions***
− ## TITLE V / **CROSS-BORDER GROUP RESOLUTION**
+ where ‘Qn ’ = the ordinal number of the quartile concerned.
+ **4.** For the purposes of Article 45h(2), where more than one G-SII entity that are part of the same G-SII are resolution entities or third-country entities that would be resolution entities if they were established in the Union, the relevant resolution authorities shall calculate the amount referr…
+ **2.** Where more than one G-SII entity that are part of the same G-SII are resolution entities or third-country entities that would be resolution entities if they were established in the Union, the resolution authorities referred to in paragraph 1 shall discuss and, where appropriate and consistent…
+ (a) the adjustment may be applied in respect of differences in the calculation of the total risk exposure amounts between the relevant Member States or third countries by adjusting the level of the requirement;
+ (b) the adjustment shall not be applied to eliminate differences resulting from exposures between resolution groups.
+ The sum of the amounts referred to in Article 45d(4), point (a), of this Directive and Article 12a, point (a), of Regulation (EU) No 575/2013 for individual resolution entities or third-country entities that would be resolution entities if they were established in the Union shall not be lower than t…
+ By 31 December 2022, the Commission shall review the impact of the indirect subscription of instruments eligible for meeting the minimum requirement for own funds and eligible liabilities on the level playing field between different types of banking group structures, including where groups have an o…
+ (a) the possibility to allow entities that are not themselves resolution entities to comply with the minimum requirement for own funds and eligible liabilities on a consolidated basis;
+ (b) the treatment, under the rules governing the minimum requirement for own funds and eligible liabilities, of entities whose resolution plan provides that they are to be wound up under normal insolvency proceedings;
+ (c) the appropriateness of limiting the amount of deductions required pursuant to Article 72e(5) of Regulation (EU) No 575/2013.
+ The Commission shall submit a report thereon to the European Parliament and to the Council. Where appropriate, that report shall be accompanied by a legislative proposal, taking into account the application date of Article 72e(5) of Regulation (EU) No 575/2013.