All in all, I am convinced that the effort we have put into the post-crisis reforms and the compromises we have made will pay off for all of us. They will contribute to a healthier and more sustainable global financial order. 4.
Another fundamental measure introduced by the BRRD is the “bail-in” tool. In future resolutions and restructurings of banks, shareholders and creditors will have to contribute to the absorption of losses and capital recovery of the failed banks. In addition, banks themselves will finance the national resolution funds introduced by the BRRD.