critical functions

Defined in Article 2, Bank Recovery and Resolution Directive (BRRD)

Definitions over time (1)

1. 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:

   ‘critical functions’ means activities, services or operations the discontinuance of which is likely in one or more Member States, to lead to the disruption of services that are essential to the real economy or to disrupt financial stability due to the size, market share, external and internal interconnectedness, complexity or cross-border activities of an institution or group, with particular regard to the substitutability of those activities, services or operations;

Used in (25 places in 18 provisions on 12/11/2026)

Bank Recovery and Resolution Directive (BRRD) (25 in 18)

Recital 4 · Recital 25 · Recital 45² · Recital 70 · Recital 72 · Recital 90 · Recital 114 · Article 2² · Article 6 · Article 10² · Article 15 · Article 16 · Article 17² · Article 31 · Article 40² · Article 41 · Article 44 · Annex 1³