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Recital 1

Recital 1

(1)Directive 2014/59/EU as amended by Directive (EU) 2019/879 of the European Parliament and of the Council 2 introduced certain safeguards to enhance effective resolution execution in relation to financial contracts governed by third-country law.

  1. 2 Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC ( OJ L 150, 7.6.2019, p. 296 ). ↩
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