Abstract In this regard, Marc Benzler and Christian Hissnauer in chapter four suggest that
lawmakers should provide the resolution authorities with clear guidelines for the application
of the bail-in tool, otherwise the powers conferred to them under Article 49 of the BRRD are
likely to remain theoretical.[...] chapter five provides a comprehensive overview of the
existing framework and the implementation of the EU BRRD's derivatives bail-in powers in
the United Kingdom. In particular, the author considers institutional cooperation between the …