Bail-in latest publications

August 30, 2018

How prepared are European banks to comply with MREL?

The estimated MREL deficit for European banks based on three subordination scenarios would be 195 billion euros under the recommendation of the EBA, 301 billion euros according to the compromise text of the Council and 526 billion under a full subordination scenario. Therefore, the subordination requirement will be crucial …

August 1, 2017

International Comparative of resolution frameworks

Overview of different resolution frameworks: comparison between Europe, US, Latam and Japan.

February 10, 2016

UK’s MREL proposal: alignment with TLAC in one ratio

On 11 December 2015, the Bank of England published its approach on setting the MREL for all UK banks, building societies and certain investment firms. The consultation is open for comments until 11 March 2016. This analysis will provide a summary of the proposal, with a focus on an important feature of the document: the fi…

January 29, 2016

Resolution regimes in Latin America

Latin America has ample experience in dealing with banking and financial crises. As a result of this the region has developed bank resolution regimes whose main goal is to deal with failures in an orderly way. The aim of this note is to analyse and describe the resolution regimes in Latin America and to compare their resol…

January 8, 2016

Financial Regulation Outlook. Special Edition: January 2016

This month we focus on: China’s G20 presidency, from Basel III to Basel IV, sovereign risk regulation, challenges in resolution, shadow banking , micro- and macro-prudential supervision, ethics, culture & governance, digital regulation, regulatory impact analysis and european regulatory priorities for 2016.

July 7, 2015

EU loss-absorbing capacity requirement: final MREL guidelines

On 3 July 2015, the EBA published the final technical standard on the criteria for determining the minimum requirement for own funds and eligible liabilities for bail-in – the so-called MREL. With the MREL, European authorities seek to ensure that banks have enough liabilities to absorb losses in case of a bank’s failure. …

June 19, 2015

BRRD transposition in Spain: a milestone in implementing an effective resolution regime

Today it has been published in the BOE the transposition of the Bank Recovery and Resolution Directive (BRRD) in Spain (Ley 11/2015 de recuperación y resolución de entidades de crédito y empresas de servicios de inversión) approved by the Spanish Parliament last 11 June. It will enter into force on 20 June.