The BRRD provides a toolkit for resolving banks, such as the bailing in of unsecured liabilities in lieu of the bailing out of the banks by taxpayers. The Central Bank has been designated as the National Resolution Authority and is already working with the banks to develop resolution plans in line with the BRRD requirements.
(slide) Obviously, falling prices have not failed to leave a mark on both. An enormous half of investors in EMEA and 75 percent in North America are in talks with banks on loan amendments and/or loan extensions.