16/04/2019 (Agence Europe) – On Tuesday 16 April, the European Parliament approved the Interinstitutional Agreement on four legislative texts aimed at reducing financial risks in the banking system (see EUROPE B12152A4, B12150A11). Prudential rules incorporate the international TLAC standard into EU law and modify those on the hierarchy of creditors mobilised in the event of bank failure. Large groups will thus have to hold more MREL equity capital that can be mobilised in the event of...