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On October 24, 2016, the EBA published for consultation draft ITS on the reporting requirements of the minimum requirements for own funds and eligible liabilities.
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On October 24, 2016, the EBA published for consultation draft
ITS on the reporting requirements of the minimum requirements for
own funds and eligible liabilities. The ITS set out the procedures
and templates for the identification and transmission of
information by resolution authorities to the EBA on the MREL that
has been set for each firm. The BRRD requires national resolution
authorities to set individual levels of MREL for each firm. MREL is
the EU equivalent of US Total Loss-Absorbing Capacity. The
consultation closes on November 21, 2016.
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