July 7, 2015
EU loss-absorbing capacity requirement: final MREL guidelines
On 3 July 2015, the EBA published the final technical standard on the criteria for determining the minimum requirement for own funds and eligible liabilities for bail-in – the so-called MREL. With the MREL, European authorities seek to ensure that banks have enough liabilities to absorb losses in case of a bank’s failure. It will enter into force in 2016.
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