Press Release: EBA publishes final technical standards to ensure effective resolution under the BRRD

The European Banking Authority (EBA) published on 03 July 2015 its final draft Regulatory Technical Standards (RTS) on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), and on the contractual recognition of bail-in.

Both standards provide further specification of essential elements to ensure the effectiveness of the resolution regime established by the Bank Recovery and Resolution Directive (BRRD). These standards are part of the EBA's programme of work to implement the BRRD and address the problem of too-big-to-fail banks.

• Primary Source

ESO: Key Source: European Banking Union http://www.europeansources.info/record/european-banking-union-2/

EurActiv, 17.07.15: Czech bankers fear EU bail-in rules' impact http://www.euractiv.com/sections/euro-finance/czech-bankers-fear-eu-bail-rules-impact-316430

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