Moody's: Fragmented approach to BRRD implementation across Europe is credit negative

London, 05 November 2015 -- While providing important guidelines for authorities and guidance to market participants to help better predict outcomes and price risk, the inconsistent and delayed application across the EU of the Bank Recovery and Resolution Directive (BRRD) is credit negative, says Moody's Investors Service in a report published today. The BRRD, agreed on May 15, 2014, established a new framework covering the resolution of banking institutions in the European Union in a manner designed to reduce losses and avoid the use of public funds, by transferring the financial burden to bank creditors.

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