Gabe Bluestone Quoted in NACM enews Regarding EU Banking Directive

Gabe Bluestone Quoted in NACM enews Regarding EU Banking Directive

June 22, 2016
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Gabe Bluestone is quoted in NACM enews regarding the EU Bank Recovery and Resolution Directive (BRRD) and the potential credit risks exporters to the EU are facing.

The BRRD is designed to provide ‘adequate tools at the European Union level to effectively deal with unsound or failing credit institutions.’ It aims to make sure a bank or financial institution can be resolved quickly and with minimal risk to financial stability. The Directive preserves systemically important functions when a financial institution fails so that, on failure, shareholders and creditors, rather than taxpayers, bear the losses.