SRB organized its Ninth Industry Dialog in Brussels. The event brought together representatives from EU-level and national banking federations and their associates from Banking Union participating member states, along with the representatives from national resolution authorities, EC, European Parliament, and ECB. SRB has published two event presentations: one presentation is on the banking package and the next minimum requirement for own funds and eligible liabilities (MREL) policy and the other presentation covers highlights of the outcomes of the consultation on expectations from banks to demonstrate resolvability. The presentation on MREL policy highlights that a consultation on MREL policy will be published in the first quarter of 2020 and the final MREL policy will be published in the second quarter of 2020.
As part of the comments to the consultation on the expectations from banks to demonstrate resolvability, banks have highlighted the need for further operational guidance. SRB will review industry comments in detail. The outcome of the consultation will be published together with the final Expectations for Banks document on the SRB website in the first quarter of 2020. Banks are also expected to follow the Expectations in their progress reports.
Keywords: Europe, EU, Banking, MREL, MREL Policy, Banking Package, Resolvability, Banking Union, Industry Dialog, Resolution Framework, SRB
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