The European Banking Authority (EBA) has published a final report on the implementation and design of the minimum requirement for own funds and eligible liabilities (MREL). The report is addressed to the European Commission and is intended to inform the Commission’s legislative proposal on the ‘harmonised application’ of MREL.
The final report follows on from an interim version that the EBA provided to the Commission and published for public consultation on 19 July 2016. Among other things the final report updates the quantitative analysis from the interim report and adds to it by introducing a cost-benefit analysis of the introduction of MREL. The final report’s recommendations are set out on a table on page 10.
View EBA makes final recommendations for strengthening loss-absorbing capacity of banks in Europe, 14 December 2016