On 9 November 2023, the European Parliament published a report on the proposal for a directive of the European Parliament and of the Council amending the Bank Recovery and Resolution Directive (BRRD) and the Regulation establishing the Single Resolution Mechanism (SRM Regulation) as regards certain aspects of the minimum requirement for own funds and eligible liabilities (MREL). The draft Directive was published by the European Commission in April 2023, and it amends the BRRD and the SRM Regulation in relation to liquidation entities and consolidation internal MREL.