Technical correction to the European regulation on loss absorption capacity of banks and investment firms
17 Mar 202669 views
Who is affected:
Credit institutions and investment firms subject to the European Single Resolution Mechanism
Summary
Errors are corrected in the European regulation governing how banks and investment firms must absorb losses and recapitalize in the event of a crisis. It affects financial entities subject to European supervision.
Detailed analysis
PRO
This corrigendum affects Regulation (EU) 2019/877, which amended the European bank resolution framework (Regulation 806/2014) regarding loss absorption and recapitalization capacity (MREL). Credit institutions and investment firms must maintain capital buffers and eligible liabilities to absorb losses without resorting…
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CELEX:32019R0877R(03): Corrección de errores del Reglamento (UE) 2019/877 del Parlamento Europeo y del Consejo, de 20 de mayo de 2019, por el que se modifica el Reglamento (UE) n.° 806/2014 en lo que se refiere a la capacidad de absorción de pérdidas y de recapitalización para las entidades de crédito y las empresas de inversión (DO L 150 de 7.6.2019)
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