Article 75

Path:
Bank Recovery and Resolution Directive (BRRD) > TITLE IV > CHAPTER VII > Article 75
Title:
Article 75
Description: 
Safeguard for shareholders and creditors
Main content: 

Member States shall ensure that if the valuation carried out under Article 74 determines that any shareholder or creditor referred to in Article 73, or the deposit guarantee scheme in accordance with Article 109(1), has incurred greater losses than it would have incurred in a winding up under normal insolvency proceedings, it is entitled to the payment of the difference from the resolution financing arrangements.