MREL: Difference between revisions
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imported>Doug Williamson (Update.) |
imported>Doug Williamson (Re-order.) |
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''Bank [[resolution]] and [[recovery]].'' | |||
Minimum Requirement for own funds and Eligible Liabilities. | Minimum Requirement for own funds and Eligible Liabilities. | ||
The term used in [[EU]] legislation (2014/59/EU[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0059] for loss absorbing capital ([[LAC]]) of certain financial institutions. | The term used in [[EU]] legislation (2014/59/EU[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0059] for loss absorbing capital ([[LAC]]) of certain financial institutions. | ||
Revision as of 21:55, 18 June 2016
Bank resolution and recovery.
Minimum Requirement for own funds and Eligible Liabilities.
The term used in EU legislation (2014/59/EU[1] for loss absorbing capital (LAC) of certain financial institutions.
MREL was originally due to be applied to EU banks and investment firms from 2016, with a review by the EBA by the end of 2016, and with a transitional period of up to 4 years.
