Resolution and Restructuring
Documents from 2015
State to sell MKB by early 2016, Daily News Hungary
The Austrian 'bad bank' Heta Asset Resolution AG: a test case for the 2014 Banking Recovery and Resolution Directive?, Peter J.M. Declercq and Sonya Van de Graaff
Annual Report 2014, Dexia Group N.V./S.A.
European Central Bank Letter, Mario Draghi
Piraeus gets ahead of Greek bank capital queue, Helene Durand
Austrian 'Bad Bank' Bonds Slide--Update, Ben Edwards
Fitch: Italian Resolution Approach is Costly for Banking Sector, Electronic News Publishing
EFSF programme for Greece (expired 30 June 2015), European Stability Mechanism
Commission Decision of 22.11.2015 on the state aid SA.41134 (2015/N) implemented by Italy: Aid for the resolution of Banca Etruria, European Union: European Commission
Commission Decision of 22.11.2015 on the State Aid SA.41925 (2015/N) Implemented by Italy: Aide for the Resolution of Carife, European Union: European Commission
Commission Decision of 22.11.2015 on the state aid SA.43547 implemented by Italy: Aid for the resolution of Carichieti, European Union: European Commission
Commission Decision of 29.04.2016 on the state aid SA.39543 (2015/N), SA.41134 (2015/N), SA.41925 (2015/N), SA.43547 (2015/N) implemented by Italy: Amendment to the resolution of Banca Marche, Banca Etruria, Carife and Carichieti, European Union: European Commission
Note on the 2015 Comprehensive Assessment, European Union: European Commission
Publication in accordance with Article 6 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding-up of credit institutions (2015/C 168/04), European Union: European Commission
State aid SA.40441 (2015/N) - Hungary Restructuring of Magyar Kereskedelmi Bank Zrt., European Union: European Commission
Historical Losses and Recapitalisation Needs, Financial Stability Board (FSB)
Finansiel Stabilitet Annual Report 2014, Finansiel Stabilitet (FSC)
Delayed Novo Banco Sale Unfavourable for Portuguese Banks, Fitch Ratings
Senior debt up for re-evaluation as BRRD concerns take hold, Virginia Furness
Annual Financial Report 2014, Heta Asset Resolution
Articles of Association of Heta Asset Resolution AG, Heta Asset Resolution
Interim Financial Report 2015, Heta Asset Resolution
Resolution Authority orders resolution measures pursuant to the Austrian Banking Restructuring and Resolution Act (BaSAG), Heta Asset Resolution
Putting the Bank Recovery and Resolution Directive to the Test, QC Hodge Malek and James Potts
The bad part of MKB Bank has been separated, Hungary: Szanálási Alap (Resolution Fund)
Settlement of Icesave Claims, Icelandic Depositors’ and Investors’ Guarantee Fund (TIF)
Portugal: First Post-Program Monitoring Discussions, International Monetary Fund (IMF)
Possible default of Austrian bad-bank bond rattles Europe, Steve Johnson
Creditor Report 2015, Landsbanki
Notice of Composition Proposal, Landsbankislands (LBI)
Austria Halts Payments on Hypo Alpe-Adria Debts, Nicole Lundeen and Gabriele Steinhauser
Deputy Governor Adam Balog resigns, Magyar Nemzeti Bank (MNB)
Selling process of MKB Bank to start, Magyar Nemzeti Bank (MNB)
Summary to the decision No. H-SZN-I-6/2015. of the Central Bank of Hungary on the application of the sale of business tool in the ongoing resolution process in respect of MKB Bank Zrt., Magyar Nemzeti Bank (MNB)
Publication of Magyar Nemzeti Bank's resolution action with regards to MKB Bank Zrt., György Matolcsy
Portugal, Missing Deadline for Novo Banco Sale, Turns to Second Bidder, Raphael Minder
Moody's changes outlook on Heta's Ca Carinthian-state-guaranteed debt ratings to developing; affirms ratings, Moody's Investor Service
Advice For the Sale of Propertize, NL Financial Investments
Advisory report on the conditional sale of REAAL N.V. to Anbang Insurance Group Co. Limited, NL Financial Investments
NLFI Becomes Sole Shareholder of SNS Holding B.V., NL Financial Investments
Start sale process of Propertize B.V., NL Financial Investments
Annual Report 2014, Novo Banco S.A.
Announcement - 06 November 2015 exchange offers and proposals, Piraeus Bank
Announcement - 15 October 2015 exchange offers and proposals, Piraeus Bank
Announcement - 15 October 2015 Exchange Offers and Proposals Additional Announcement, Piraeus Bank
Piraeus Bank 3rd Quarter Financial Report 2015, Piraeus Bank
Piraeus Bank 3rd Quarter Financial Statements Information 2015, Piraeus Bank
Bank Recovery Plan Regulation, Republic of Austria: Financial Market Authority
Mandate notice, Republic of Austria: Financial Market Authority
Federal Law Gazette No. 127/2015, Republic of Austria: Parliament of Austria
Federal Law Gazette No. 34/2015, Republic of Austria: Parliament of Austria
Federal Law Gazette No. 37/2015, Republic of Austria: Parliament of Austria
Austria's top court says 2014 Hypo law unconstitutional, Reuters Staff
Bavaria Hopes to Finalise Settlement with Austria on Heta by October, Reuters Staff
FACTBOX-Italy rescues four small banks, Reuters Staff
Portugal regulator suspends trading in Novo Banco debt, Reuters Staff
UPDATE 2-Austria imposes debt moratorium on Heta "bad bank", Reuters Staff
S&P revises Piraeus Bank's long-term counterparty credit rating, Louise Reyes
SNS REAAL announces sale VIVAT Verzekeringen to Anbang Insurance Group, SNS Reaal
Local cooperative fund closes the box, TV2 EAST
Italy's zero-cost bailout is too good to be true, Neil Unmack
Documents from 2014
Annual Report 2013, Ageas
Making Bank Resolution Credible, John Armour
Europe rethinks how to cure its debt hangover, Ralph Atkins
Federal Law Gazette No. 51/2014, Austria: Bundesgesetzblatt fur die Republik Osterreich (BGBl) / Federal Law Gazette for the Republic of Austria
Law 10/2014 of 26 June 2014 on the Regulation, Supervision and Solvency of Credit Institutions, Banco de Espana/Central Bank of Spain
Extraordinary meeting of the Board of Directors of Banco de Portugal (August 11, 2014), Banco de Portugal/Central Bank of Portugal
Extraordinary meeting of the Board of Directors of Banco de Portugal (August 14, 2014), Banco de Portugal/Central Bank of Portugal
Extraordinary Meeting of the Board of Directors of Banco de Portugal (August 3, 2014), Banco de Portugal/Central Bank of Portugal
Press Release of Banco de Portugal on the application of a resolution measure to Banco Espirito Santo, S.A. - Banco de Portugal, Banco de Portugal/Central Bank of Portugal
Press Release of Banco de Portugal on the Independent Evaluation of Assets, Liabilities, off-Balance-Sheet Items and Assets under Management Transferred to Novo Banco, S.A. Following the Resolution Measure Applied to Banco Esparito Santo, S.A., Banco de Portugal/Central Bank of Portugal
Annual Report 2014, Banco Espirito Santo
Banco Esparito Santo, S.A. informs on exposures to Espirito Santo Group, Banco Espirito Santo
The Chronicles of the Great Crisis, Bank of Greece/Central Bank of Greece
Bayern LB 2014 Annual Report and Accounts, Bayern LB
Credit Agricole hit by Banco Espirito Santo troubles, BBC News
Portugal's Banco Espirito ex-boss arrested, BBC News
Portugal unveils bank rescue plan, BBC News
Credit Agricole Rises as Banco Espirito Santo Risk Cut, Fabio Benedetti-Valentini
Banco Espirito Santo's Former Investment Bank Arm Sold to Haitong Securities of China, Chad Bray
Banco Espirito Santo: The Angolan Story, Frances Coppola
Hypo Alpe Adria, German Banks And The ECB's Stress Tests, Frances Coppola
State Ups Stake by Unexpected Purchase of MKB, Daily News Hungary
Carlos da Silva Costa: Address to the Banco Espirito Santo and Grupo Banco Espirito Santo parliamentary inquiry, Carlos da Silva Costa
Carlos da Silva Costa: The application of a resolution measure to Banco Espirito Santo, Carlos da Silva Costa
Heavy trading of BES sub debt highlights bail-in fears, Aimee Donnellan
Hungary nationalises German-owned MKB bank, Kester Eddy
Bank recovery and resolution directive (BRRD) (2014/59/EU), European Parliament
Directive 2014/59/EU establishing rules for the recovery and resolution of credit institutions and investment firms, European Parliament
Single Resolution Mechanism and Single Resolution Fund (SRMR) (806/2014), European Parliament
Addressing troubled financial institutions' problems, European Union
Commission Decision (EU) 2015/162, European Union: European Commission
Recording of transactions relating to the nationalization of SNS Reaal in Q1 and Q4 of 2013, European Union: European Commission
State aid: Commission approves resolution aid for Portuguese Banco Espirito Santo, European Union: European Commission
State aid n. SA.39250 (2014-N) - Portugal, Resolution of Banco Espirito Santo, S.A., European Union: European Commission
State Aid SA.34826 (2012/C) SA.36005 (2013/NN) Implemented by Greece for Piraeus Bank Group Relating to the Recapitalisation and Restructuring of Piraeus Bank, European Union: European Commission
Banco Espirito Santo to Be Split Up in Rescue by Portugal, Jack Ewing and Chad Bray
Hungary Buys Bank from Germany's BayernLB, Margit Feher and Ulrike Dauer
MNB formally ordered MKB resolution process on 18 December, Richard Field
Key Attributes of Effective Resolution Regimes for Financial Institutions, Financial Stability Board (FSB)