EBA raises concerns over Commission’s MREL changes
European Banking Authority challenges European Commission’s proposed amendments to MREL criteria
The European Banking Authority (EBA) has raised concerns over amendments proposed by the European Commission to the methodology for setting the minimum requirement for own fund and eligible liabilities (MREL).
The EBA "disagrees with many of the amendments proposed by the Commission" to the draft regulatory technical standards (RTS), it said in a statement on February 9, setting out three main objections.
Its first objection relates to whether resolution authorities are responsible for assessing
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