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October 15, 2018

European banks and the challenge of MREL

Who will pay for the next banking crisis in Europe, and how? One of the lessons learnt from the last global financial crisis is that there must be an end to public bail-outs of banks. To achieve this, it is necessary to define which creditors and which liabilities absorb losses in the event of an institution’s resolution.

August 1, 2017

International Comparative of resolution frameworks

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

November 24, 2016

Europe: TLAC implementation and MREL review

The European Commission has published its long awaited legislative proposal to amend both the prudential and the resolution frameworks in Europe. Regarding the latter, the proposal seeks to introduce TLAC for EU G-SIIs and amend MREL for other financial institutions.

June 6, 2016

Basel 2, 3, 4...?

The Basel II agreement, adopted in 2004, introduced greater sensitivity to risk in banks’ capital requirements, which developed their own models in which capital is raised or lowered according to the risk of the assets involved.

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.

December 2, 2015

Financial Regulation Outlook. December 2015

This month we focus on: regulatory stance from Antalya’s G20 Summit, TLAC requirements, no last-minute surprises, a European framework for covered bonds, the European Deposit Insurance Scheme, Internal Liquidity Adequacy Assessment Process (ILAAP) and transatlantic data flows.