Loss Absorbing Capacity in the Banking Union: TLAC Implementation and MREL Review
Briefing
07-07-2016
This note explains the objectives of and main differences between the Minimum Requirement for own funds and Eligible Liabilities (MREL) under the BRRD framework and the Total Loss Absorbing Capacity (TLAC) standard developed globally by the Financial Stability Board (FSB). It also summarizes the issues arising from the need to implement the TLAC standard under EU law.
Briefing
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