Article 32b

Path:
Bank Recovery and Resolution Directive (BRRD) > TITLE IV > CHAPTER I > Article 32b
Title:
Article 32b
Description: 
Insolvency proceedings in respect of institutions and entities that are not subject to resolution action
Main content: 

Insolvency proceedings in respect of institutions and entities that are not subject to resolution action

Member States shall ensure that an institution or entity referred to in points (b), (c) or (d) of Article 1(1) in relation to which the resolution authority considers that the conditions in points (a) and (b) of Article 32(1) are met, but that a resolution action would not be in the public interest in accordance with point (c) of Article 32(1), shall be wound up in an orderly manner in accordance with the applicable national law.