systemic crisis
Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)
Definitions over time (1)
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20/07/2017 – today applies on 12/11/2026 Article 2, Bank Recovery and Resolution Directive (BRRD) Scope: Whole act
For the purposes of this Directive the following definitions apply:
‘systemic crisis’ means a disruption in the financial system with the potential to have serious negative consequences for the internal market and the real economy. All types of financial intermediaries, markets and infrastructure may be potentially systemically important to some degree;
Earlier definition records in this act (1)
Open an entry to see its definitions, dates and uses. Separate scopes and histories are kept intact.
- Article 2(1)(30) Historical · definitions end 20/07/2017
Used in (6 places in 6 provisions on 12/11/2026)
Bank Recovery and Resolution Directive (BRRD) (6 in 6)
Recital 6 · Recital 41 · Recital 57 · Recital 106 · Article 2 · Article 37