On Friday 12 September, the European Banking Authority (EBA) published draft technical standards that introduce semi-annual reporting of decisions relating to the minimum ‘MREL’ bank capital requirements that can be mobilised in the event of the resolution of a large failing bank.
The national competent authorities will have to communicate: - each year, on 18 March, the ‘MREL’ requirements applicable from 31 December of the previous year; - each year, on 16 September, the...