Letter of credit and MREL: Difference between pages

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 the loss absorbing capital (LAC) of certain financial institutions.

MREL comprises the total of a bank's:

@@ Line 1: / Line 1: @@
-(LC).
+''Bank resolution and recovery''
-A promise document issued by a bank or another issuer to a third party to make a payment on behalf of a customer in accordance with specified conditions.
+Minimum Requirement for own funds and Eligible Liabilities.
-Letters of credit are frequently used in international trade to make funds available in a foreign location.
+The term used in [[EU]] legislation (2014/59/EU[http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32014L0059] for the loss absorbing capital ([[LAC]]) of certain financial institutions.
-== See also ==
-* [[Advising bank]]
+MREL comprises the total of a bank's:
-* [[Clean letter of credit]]
+*Loss absorption amount; and
-* [[Commercial risk]]
+*Recapitalisation amount.
-* [[Condition]]
-* [[Confirmed letter of credit]]
-* [[Confirming bank]]
+==See also==
-* [[Credit]]
+*[[Bailin]]
-* [[Documentary credit]]
+*[[Capital adequacy]]
-* [[Irrevocable letter of credit]]
+*[[Eligible liabilities]]
-* [[Issuing bank]]
+*[[Gone concern]]
-* [[LOC backed]]
+*[[Loss absorbing capacity]]
-* [[Standby letter of credit]]
+*[[Loss absorption amount]]
-* [[Uniform Customs and Practice for Documentary Credits]]
+*[[Own funds]]
+*[[PLAC]]
+*[[Recapitalisation amount]]
+* [[Recovery]]
+*[[Resolution]]
+*[[SLAC]]
+*[[Total Loss Absorbing Capacity]]
+[[Category:Compliance_and_audit]]
+[[Category:Risk_frameworks]]