23 December 2020
The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) specifying uniform reporting templates, instructions and methodology for the identification and transmission, by resolution authorities to the EBA, of information on minimum requirements for own funds and eligible liabilities (MREL). These standards are part of the EBA's major programme of work to implement the BRRD and address the problem of too-big-to-fail banks.
This reporting between resolution authorities and the EBA aims to ensure that the EBA has all the necessary information to understand how MREL is set within the Member States.
These final draft ITS have been developed according to Article 45j of the Bank Recovery and Resolution Directive (BRRD).