Correction to the European regulation on loss absorption capacity of banks and investment firms
03 Sep 202620 views
Who is affected:
Credit institutions and investment firms subject to the EU Single Resolution Mechanism
Summary
This corrects the European regulation governing how banks and investment firms must absorb losses in case of crisis. It affects the recapitalization rules for the financial sector in the EU.
Detailed analysis
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This act is a technical rectification to Regulation (EU) 2019/877 of the European Parliament and of the Council, which amended Regulation (EU) 806/2014 on the Single Resolution Mechanism. The original regulation establishes minimum own funds and eligible liabilities requirements (MREL) for credit institutions and inves…
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CELEX:32019R0877R(04): Rectificatif au règlement (UE) 2019/877 du Parlement européen et du Conseil du 20 mai 2019 modifiant le règlement (UE) n° 806/2014 en ce qui concerne la capacité d’absorption des pertes de recapitalisation des établissements de crédit et des entreprises d’investissement (JO L 150 du 7.6.2019)
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