Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on Bank Recovery and Resolution Directive

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

19 June 2015

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.

MREL and TLAC: What are the consequences of breaching them?

8 January 2015

In November 2014, the FSB and the European authorities published the main features of their new loss-absorbing ratios, TLAC and MREL respectively. Despite having the same purpose, both ratios have significant divergences, which imply heterogeneous consequences and penalties when a bank breaches them.

Compendium on Resolution Strategies: a multiple-point-of-entry view

16 December 2014

Achieving an effective resolution regime to resolve banks quickly, avoiding disturbances to the financial system, minimizing the use of public funds –thus protecting taxpayers–, and continuing the critical financial services that they provide is one of the main goals of authorities in the current regulatory reform. Authorities are developing a new resolution framework that set out the responsibilities and powers to enable them to resolve efficiently cross-border banks in trouble. In this sense, the FSB outlines two polar resolution approaches for resolving global banks: the Single Point of Entry (SPE) and Multiple Point of Entry (MPE) resolution strategies. The purpose of this compendium is to describe the main features of the Multiple Point of Entry resolution scheme

The European MREL: main characteristics and TLAC similarities and differences

3 December 2014

On 28 November 2014, the EBA released the consultation paper 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 will ensure that banks have enough liabilities to absorb losses in case of failure, and, therefore, shareholders and creditors should shoulder much of the recapitalisation burden, instead of tax-payers.

Regulation Outlook

18 June 2014

This month we focus on securitization, contributions to BRRD & SRM, SSM supervicory fees, macroprudential, the EC review of EU regulation and transparency of core capital.

Global and EU Regulatory Update

16 July 2013

The fragmentation is more worrying in the Eurozone: re-nationalization of financial markets puts at risk the euro

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