MREL

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.

• Capital adequacy

• Loss absorbing capacity

• Total Loss Absorbing Capacity

• PLAC

• SLAC

• Gone concern

• Bailin