Direct contagion

Defined in Article 3, Commission Delegated Regulation (EU) 2016/860

Definitions over time (1)

1. 21/06/2016 – today applies on 12/11/2026 Article 3, Commission Delegated Regulation (EU) 2016/860 Scope: Whole act

   For the purposes of this Regulation, the definitions provided for in Article 3 of Directive 2014/59/EU shall apply. For the purposes of this Regulation, the following definitions shall also apply:

   ‘Direct contagion’ means a situation where the direct losses of counterparties of the institution under resolution, resulting from the write-down of the liabilities of the institution, lead to the default or likely default for those counterparties in the imminent.

Used in (3 places in 3 provisions on 12/11/2026)

Commission Delegated Regulation (EU) 2016/860 (3 in 3)

Recital 24 · Article 3 · Article 8