Public funding of failing banks in the European Union
Einde inhoudsopgave
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.5:2.5 The MREL
Public funding of failing banks in the European Union (LBF vol. 19) 2020/2.5
2.5 The MREL
Documentgegevens:
mr. M. Louisse-Read, datum 01-06-2020
- Datum
01-06-2020
- Auteur
mr. M. Louisse-Read
- JCDI
JCDI:ADS213939:1
- Vakgebied(en)
Financieel recht / Europees financieel recht
Staatssteun (V)
Toon alle voetnoten
Voetnoten
Voetnoten
Article 15(1), second paragraph BRRD. Article 10(3) SRMR.
Deze functie is alleen te gebruiken als je bent ingelogd.
The resolution framework introduced a further restriction in the freedom of banks to compose the equity and liabilities side of their balance sheet. In addition to the regulatory capital requirements included in CRR and CRD IV, the BRRD and SRMR require banks to comply with a minimum require ment for own funds and eligible liabilities (MREL). The MREL needs to safeguard that the bank, together with its shareholders and creditors is resolvable (that is, it is feasible and credible to either wind up the bank in normal insolvency proceedings or to resolve it by applying resolution tools and exercising resolution powers).1
2.5.1 Calculation of MREL2.5.2 Composition of MREL2.5.3 Changes under the Banking Package2.5.4 Measures in case of breach of MREL