The Marketing of MREL securities after BRRD Articles uri icon

publication date

  • December 2017

start page

  • 1

end page

  • 85

issue

  • 15

international standard serial number (ISSN)

  • 2281-5228

electronic international standard serial number (EISSN)

  • 2281-5236

abstract

  • The interplay between the objectives of financial stability and consumer protection underpinning the bank resolution framework is a very complex one, hence the need of an adequate calibration of safeguards. A flexible approach in phasing-in MREL requirements is, therefore,necessary. If MREL must be institution-specific (Article 4 of the Delegated Regulation), there ishardly any other field of prudential regulation where individual calibrations are more warranted, and the use of general principles of proportionality, subsidiarity and diversity more necessary.

keywords

  • BRRD
    MREL
    Securities
    Transparency
    Prudential requirements