Aequo Advises National Bank of Hungary on Establishment of Cross-Border Bank Resolution College

AEQUO advised Magyar Nemzeti Bank (National Bank of Hungary) on various issues pertaining to the bank resolution proceedings in Ukraine. The complex legal analysis provided by AEQUO in cooperation with Allen & Overy was required to establish and manage a bank resolution college to supervise cross-border banking groups represented in Ukraine, Montenegro, Serbia and Russia in accordance with the EU Bank Recovery and Resolution Directive (BRRD).

The advice included legal analysis of confidential information regime within bank resolution proceedings in Ukraine, applicable procedures for the use and cross-border exchange of information among bank resolution authorities and their compliance with the BRRD requirements.

AEQUO team comprised the firm’s partner Yulia Kyrpa, head of banking & Finance Practice Group of the firm, and Denys Kulgavyi, associate of Banking & Finance Practice Group.