MREL and TLAC: What are the consequences of breaching them?
Published on Thursday, January 8, 2015 | Updated on Thursday, January 8, 2015
MREL and TLAC: What are the consequences of breaching them?
In November 2014, the FSB and the European authorities published the main features of their new loss-absorbing ratios, TLAC and MREL respectively. Despite having the same purpose, both ratios have significant divergences, which imply heterogeneous consequences and penalties when a bank breaches them.
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20150108_MREL TLAC_Consequences of breaching them Vdef English January 8, 2015
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