MREL: Difference between revisions
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imported>John Grout (To update for passage of 2014/59/EU) |
imported>Doug Williamson (Date stamp predictive statement about transition.) |
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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 | As at the end of 2014 MREL was due to be applied to EU banks and investment firms from 1 January 2016 but with a review by the [[EBA]] by the end of 2016 - and with a transitional period of up to 4 years. | ||
*[[Capital adequacy]] | *[[Capital adequacy]] | ||
Revision as of 20:32, 4 January 2015
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.
As at the end of 2014 MREL was due to be applied to EU banks and investment firms from 1 January 2016 but with a review by the EBA by the end of 2016 - and with a transitional period of up to 4 years.
