Featured Product

    EBA Publishes Standards on MREL Reporting by Resolution Authorities

    September 05, 2017

    EBA published the final draft implementing technical standards (ITS) on procedures and templates for the identification and transmission of information by resolution authorities to EBA, on minimum requirements for own funds and eligible liabilities (MREL) under Article 45(17) of Bank Recovery and Resolution Directive (BRRD or Directive 2014/59/EU). This regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

    The ITS only cover the reporting of MREL requirements from Resolution Authorities to EBA while reporting by institutions to Resolution or Competent Authorities is outside of the scope of these ITS. The ITS also set out three reporting templates (in a separate Excel document) as Annexes I, II, and III. The ITS provide for simplified reporting for certain categories of institutions for which liquidation, rather than resolution, will be the preferred strategy. In these cases, the MREL will only be made of a loss-absorption amount. 
    The Resolution Authorities are required to report, to EBA, the MREL that has been set for each institution in their respective jurisdiction according to common procedures and using common templates. Under the common templates, resolution will report the overall amount of MREL required from an institution, as well as each of the components of the MREL decision as laid down in the regulatory technical standard on MREL. Where the Resolution Authorities depart, in compliance with the regulatory technical standards on MREL, from a default component of the MREL methodology (for example, to take into account liabilities that are reasonably likely to be fully or partially excluded from bail-in), they are required to provide an explanation on the adjustments made. These standards will enable EBA to monitor the consistency of MREL implementation across the EU. 

     

    Related Links

    ITS on MREL Reporting by Resolution Authorities (PDF)

    Reporting Templates (XLSX)

    Regulatory Technical Standard on MREL

    BRRD (PDF)

    Keywords: Europe, EU, Banking, MREL, BRRD, Resolution, Reporting, EBA

    Featured Experts
    Related Articles
    News

    HKMA Announces Liquidity Measures in Response to COVID-19 Outbreak

    HKMA issued a circular on liquidity measures that HKMA has taken or plans to take in response to COVID-19 outbreak.

    April 03, 2020 WebPage Regulatory News
    News

    BaFin Lowers Countercyclical Capital Buffer Amid COVID-19 Outbreak

    BaFin published a general order to lower the countercyclical capital buffer (CCyB) from 0.25% to 0% as of April 01, 2020.

    April 03, 2020 WebPage Regulatory News
    News

    ESMA Updates Risk Assessment in Light of COVID-19

    ESMA updated its risk assessment to account for the impact of the COVID-19 pandemic.

    April 02, 2020 WebPage Regulatory News
    News

    FSB Outlines and Reprioritizes Its Work to Address COVID-19 Risks

    FSB published a statement that outlines its work toward addressing the financial stability risks posed by COVID-19, along with the reprioritization of its work program for 2020.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Announces Measures to Address the Impact of COVID-19

    Due to the outbreak of COVID-19, EIOPA is re-prioritizing and alleviating the burden by extending the deadlines or delaying projects where input from national competent authorities and/or industry is foreseen.

    April 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Use of Payment Moratoria to Address Liquidity Issues

    EBA published detailed guidance on the treatment of legislative and non-legislative moratoria on loan repayments to be applied before June 30, 2020, in light of the COVID-19 crisis.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Outlines Approach to Reporting and Disclosures Amid COVID-19

    PRA published a statement to outline its approach to regulatory reporting and Pillar 3 disclosures for UK banks, building societies, designated investment firms, and credit unions.

    April 02, 2020 WebPage Regulatory News
    News

    PRA Finalizes Certain Modeling Issues for Solvency II Internal Models

    PRA published a statement (PS9/20) that sets out the final policy on modeling of income-producing real estate loans and internal credit assessment for illiquid, unrated assets within the Solvency II internal models.

    April 02, 2020 WebPage Regulatory News
    News

    EIOPA Issues Statement on Mitigating Impact of COVID-19 Outbreak

    EIOPA issued a statement to insurers and intermediaries, urging them to take steps to mitigate the impact of COVID-19 on consumers.

    April 01, 2020 WebPage Regulatory News
    News

    APRA on Changes to Reporting Obligations for Banks Due to COVID-19

    APRA, in collaboration with the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS), published a letter outlining temporary changes in reporting obligations for authorized deposit-taking institutions and registered financial corporations, in response to COVID-19.

    April 01, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4936