Legal Business

Finance view: The night of the living wills – bank resolution work offers opportunity for FinReg counsel

Michael West reports on the introduction of bank resolution protocols

Financial regulatory lawyers returned from their holidays this year to a lot of calls on one topic – bank resolution. The implementation this year of the EU’s Bank Recovery and Resolution Directive (BRRD) combined with the Greek crisis has pushed an issue that’s been simmering for years back up the list of priorities for bank and investment firms’ legal teams.