The European Commission (the Commission) has requested 11 Member States to fully implement the Bank Recovery and Resolution Directive (BRRD).
The Member States that failed to transpose the BRRD into their national law by the 31 December 2014 deadline are:
- the Czech Republic;
- the Netherlands;
- Romania; and
These Member States have 2 months to transpose the BRRD into their national law before the Commission makes a decision as to whether to refer them to the European Court of Justice.