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The European Banking Authority (EBA) has updated its online Interactive Single Rulebook and Q&A tools with the inclusion of the Bank Recovery and Resolution Directive (BRRD).
The inclusion of the BRRD into the Q&A tool will also allow users to submit any questions they may have on the application of this Directive and the EBA's work related to it.
The purpose of the Q&A tool is to support the consistent and effective application of the EU regulatory framework for the banking sector, the Single Rulebook.
The Q&A tool also contributes to the completion of the legislative framework by ensuring any remaining regulatory loopholes are addressed.
The process is based on close and on-going interaction with the European Commission so that responses in the Q&A tool are fully consistent with EU legislative texts.