The Bank Recovery and Resolution Directive (BRRD) provides that Member State resolution authorities, after consulting the relevant Member State competent authority, shall ensure that institutions meet at all times a minimum requirement for own funds and liabilities eligible for bail-in (MREL).

MREL is set on a firm-by-firm basis, based on criteria laid down in the BRRD and further specified in the relevant regulatory technical standards (Commission Delegated Regulation (EU) 2016/1450 of 23 May 2016 with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities).

To allow the European Banking Authority (EBA) to monitor the consistency of implementation across the EU, Member State resolution authorities are required to inform the EBA of the minimum requirement that has been set for each institution in their jurisdiction.

The EBA has now published a consultation paper on draft implementing technical standards (ITS) on the procedures and templates that Member State resolution authorities should use when informing the EBA of MREL. Reporting by institutions to Member State resolution or competent authorities is outside the scope of the consultation.

The deadline for comments on the consultation paper is 21 November 2016.
View EBA consults on technical standards on MREL reporting by resolution authorities, 24 October 2016

View Annex to the Consultation Paper on ITS on MREL reporting by Resolution Authorities, 24 October 2016

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