BRRD latest publications

October 16, 2019

MREL in European banks: Requirement and shortfall under BRRD II

Under BRRD 2, European banks’ MREL deficit is €112bn (63% attributable to O-SIIs and non-systemic banks) and €188bn lower than 2018 results, mostly explained by issuances of €194bn during 2018–2019. Erosion of profitability is now critical, with interest expense increasing 2.3-3.2%. Basel IV significantly increase needs.

January 23, 2019

Financial Regulation Outlook. First quarter 2019

Regulatory authorities’ work programmes for 2019. Last steps in the negociation CRD V. CRD V negotiation: Resolution issues. Contingency measures for a no-deal Brexit. Habemus a Macroprudential Authority in Spain. Trends in digital regulation.

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 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.

November 2, 2015

Financial Regulation Outlook. November 2015

This month we focus on: What to expect from Antalya’s G20 Summit?, Banking conduct and culture, Setting in motion the Capital Markets Union, BRRD: Overview of the EBA’s level 2 legislation, Single Supervisory Mechanism and Payment services and financial inclusion.

October 9, 2015

BRRD: Overview of the EBA’s level 2 regulation

According to the BRRD mandate, the European Banking Authority (EBA) has released more than 35 technical standards and guidelines of a specialized nature and in order to clarify subjects of the BRRD. EBA’s role has been decisive in order to fully implement the BRRD; it has successfully implemented harmonized definitions to b…

October 5, 2015

Financial Regulation Outlook. October 2015

This month we focus on: Single Retail Financial Market, Basel III monitoring report, New European framework for securitisation, Internal Capital Adequacy Assessment Process, Liquidity in financial markets, Debt Subordination in Europe and Data Protection Regulation