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A collection of authoritative and insightful perspectives by scholars, practitioners, and regulators, from many jurisdictions, including both lawyers and economists, and arranged in line with the structure of the BRRD.

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Responding to lessons learned during the global financial crisis, the EU Directive on the Recovery and Resolution of Banks and Securities Firms (the BRRD) has substantially changed the legal framework for insolvency management of financial services institutions across Europe. As the legislative process has been completed with the adoption of the BRRD, and of Regulation No 806/2014 establishing the Single Resolution Mechanism, this book offers a unique insight into
the new European framework for the resolution of banks in distress.
The chapters in this volume take stock of what has been achieved and present an insightful analysis of both the technical framework and its impact on banking institutions and their counterparties in representative forms of banking activities, including retail and wholesale depositors, counterparties to financial directives, and the providers of relevant parts of the market infrastructure. Special attention is given to the international coordination of resolution. The book´s focus is on
resolution and its impact on the relationships between banks, customers, other market participants and market infrastructure, including the preventative requirements on recovery and resolution planning under the BRRD.

The chapters bring together a wide range of perspectives by scholars, practitioners from regulatory authorities and other parts of the financial safety net, as well as from private practice, from many jurisdictions, and both legal and economic backgrounds. Arranged broadly in line with the structure of the BRRD, the book is a highly useful reference for practitioners, policy-makers, and academics alike.

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Bank Resolution: The European Regime offers a deep and interesting examination of bank resolution and recovery in Europe. Its reading is recommended in particular to academics, practitioners and policy-makers that want to become familiar with the BRRD and its associated problems. Readers will appreciate the fact that, despite banking law being a technical subject, information is conveyed with clarity ... I congratulate the editors and authors for this important contribution to the legal debate on bank resolution in the EU. Piergiuseppe Pusceddu, Journal of International Banking Law and Regulation

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Dalvinder Singh is Professor of Law at the University of Warwick, Coventry, and Senior Associate Research Fellow at the Institute of Advanced Legal Studies, University of London.

Jens-Hinrich Binder is Chair in Private Law, Commercial Law, Company Law, and Securities Law at Eberhard-Karls-University Tübingen, Germany.

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