Brussels, 23/05/2016 (Agence Europe) - On Monday 23 May, the European Commission adopted an implementing regulation detailing the criteria to be used by the banking supervisors to set the minimum capital requirements ('MREL') in the event of the restructuring of a major banking group.
Drawing inspiration from an opinion of the European Banking Authority (EBA), the draft regulation implements the 'BRRD' Directive (2014/59) on the national banking restructuring and resolution regimes. This...