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01 March 2024

SRB welcomes European Parliament Daisy Chains Act adoption


This will allow resolution authorities more scope in setting internal minimum requirements for own funds and eligible liabilities (MREL) in banking groups, in order to ensure sufficient loss-absorbing capacity

The SRB welcomes the adoption of the Daisy Chains Act by the European Parliament on 27 February.  It also simplifies MREL treatment for liquidation entities. The SRB will implement the new rules in its MREL policy.

 

SRB



© Single Resolution Board

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