This year has been full of surprises in the global markets with Brexit, the Republicans’ win of the executive branch and continuing control of the legislative branch in the U.S. and the impact of the privatization of energy markets in Mexico. In this GT Alert, we are simply going to address two critical proposals
EU's Bank Recovery and Resolution Directive
Article 55 BRRD Can Impact Your Company
By Nanette Aguirre on
Buy side entities should carefully review such agreements as their ISDA Master Agreements, Securities Lending Agreements and Repurchase Agreements, to name a few, for any Article 55 BRRD provisions. Article 55 BRRD is the EU’s Bank Recovery and Resolution Directive (BRRD) which essentially authorizes the European government to write down and convert amounts owed by…