Article 45(2) of the Bank Resolution and Recovery Directive (BRRD) empowers the Commission to adopt, following submission of draft standards by the European Banking Authority (EBA), and in accordance with Articles 10 to 14 of Regulation No (EU) 1093/2010, delegated acts specifying assessment criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities (MREL).
In accordance with Article 10(1) of Regulation No (EU) 1093/2010 establishing the EBA, the Commission may endorse the draft standards in part only, or with amendments, where the EU’s interests so require, having regard to the specific procedure laid down in that Article.
The Commission has now adopted the Delegated Regulation supplementing the BRRD with regulatory technical standards specifying the criteria relating to the methodology for setting the MREL.
The Delegated Regulation will enter into force 20 days after its publication in the Official Journal of the European Union.
