MREL: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Added header for the see also links) |
imported>Doug Williamson (Update.) |
||
| Line 5: | Line 5: | ||
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. | ||
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. | |||
Revision as of 12:36, 6 January 2016
Minimum Requirement for own funds and Eligible Liabilities.
Bank resolution and recovery.
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.
