MREL: Difference between revisions

Revision as of 17:13, 21 November 2017

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 comprises the total of a bank's:

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	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.~~