Technical correction to the European regulation on loss absorption capacity of banks and investment firms
08 May 202659 views
Who is affected:
Credit institutions, banks, investment firms and EU resolution authorities
Summary
A rectification to the European directive regulating how banks and investment firms must prepare to absorb losses in case of crisis is published. It affects EU banking resolution regulations.
Detailed analysis
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This rectification corrects technical errors in Directive (EU) 2019/879, which amended Directive 2014/59/UE (BRRD) regarding loss absorption capacity and recapitalization (MREL) of credit institutions and investment firms. The original directive establishes the minimum own funds and eligible liabilities requirements th…
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OJ:L_202690373: Rectificatif à la directive (UE) 2019/879 du Parlement européen et du Conseil du 20 mai 2019 modifiant la directive 2014/59/UE en ce qui concerne la capacité d’absorption des pertes et de recapitalisation des établissements de crédit et des entreprises d’investissement et la directive 98/26/CE (JO L 150 du 7.6.2019)
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Normative act published in the Official Journal of the European Union. Insufficient content available to determine the specific scope of the regulation.
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