Directive (EU) 2019/879

In forceThis text since 7 Jun 2019law://eu/dir/2019/879/art_1__pnt_4__pnt_a@2026-11-12

Contents

(a)in paragraph 4, the following subparagraph is inserted after the first subparagraph:‘Where a group is composed of more than one resolution group, the planning of the resolution actions referred to in point (aa) of Article 12(3) shall be included in a joint decision as referred to in the first subparagraph of this paragraph.’;

Source: EUR-Lex, © European Union, 1998-2026. Reuse authorised under Decision 2011/833/EU.

Key facts

Type: Directive · (EU) 2019/879
Adopted: 20 May 2019
Text current to: 7 Jun 2019
In force: 27 Jun 2019
Made by: Council of the European Union, European Parliament
Official: EUR-Lex 32019L0879 · ELI

Topics

aid for restructuring company in difficulties credit institution economic recession economic stabilisation financial aid financial intervention financial solvency investment company monetary crisis Economic policy

History · 1 version

7 Jun 2019Reading

Connections

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Amends 1: Directive 2014/59/EU
Cited by 13: Regulation (EU) 2026/808; Commission Delegated Regulation (EU) 2026/440; Norddeutsche Landesbank – Girozentrale v Single Resolution Board (T-476/23); Rada Nadzorcza Getin Noble Bank S.A. and Others v Bankowy Fundusz Gwarancyjny (C-118/23)4 provisions; Norddeutsche Landesbank – Girozentrale v Single Resolution Board (T-403/21); UniCredit Bank GmbH, formerly UniCredit Bank AG v Single Resolution Board (T-402/21); French Republic v Single Resolution Board (T-540/22)3 provisions; Directive (EU) 2024/1174; Commission Delegated Regulation (EU) 2024/8953 provisions; Commission Implementing Regulation (EU) 2021/637; Regulation (EU) 2022/20362 provisions; Commission Delegated Regulation (EU) 2023/827; Commission Delegated Regulation (EU) 2021/1340

Defined terms · 11

Show every defined term

bail-inable liabilities
means the liabilities and capital instruments that do not qualify as Common Equity Tier 1, Additional Tier 1 or Tier 2 instruments of an institution or entity referred to in point (b), (c) or (d) of Article 1(1) and that are not excluded from the scope of the bail-in tool pursuant to Article 44(2);
CCP
shall mean a CCP as defined in point (1) of Article 2 of Regulation (EU) No 648/2012;’;
combined buffer requirement
means combined buffer requirement as defined in point (6) of Article 128 of Directive 2013/36/EU.’;
Common Equity Tier 1 capital
means Common Equity Tier 1 capital as calculated in accordance with Article 50 of Regulation (EU) No 575/2013;’;
eligible liabilities
means bail-inable liabilities that fulfil, as applicable, the conditions of Article 45b or point (a) of Article 45f(2) of this Directive, and Tier 2 instruments that meet the conditions of point (b) of Article 72a(1) of Regulation (EU) No 575/2013;
material subsidiary
means a material subsidiary as defined in point (135) of Article 4(1) of Regulation (EU) No 575/2013;’;
participant
shall mean an institution, a central counterparty, a settlement agent, a clearing house, a system operator or a clearing member of a CCP authorised pursuant to Article 17 of Regulation (EU) No 648/2012;’;
resolution entity
means:
resolution group
means:
subordinated eligible instruments
means instruments that meet all of the conditions referred to in Article 72a of Regulation (EU) No 575/2013 other than paragraphs (3) to (5) of Article 72b of that Regulation;’;
subsidiary
means a subsidiary as defined in point (16) of Article 4(1) of Regulation (EU) No 575/2013, and for the purpose of applying Articles 7, 12, 17, 18, 45 to 45m, 59 to 62, 91 and 92 of this Directive to resolution groups referred to in point (b) of point (83b) of this paragraph, includes, where and as appropriate, credit institutions that are permanently affiliated to a central body, the central body itself, and their respective subsidiaries, taking into account the way in which such resolution groups comply with Article 45e(3) of this Directive;