somes

Objection to Banking Capital Standards (MREL)

Summary

The European Parliament objects to new banking regulations, arguing that they remove essential rules meant to protect taxpayers and ensure banks have enough capital.
10 06.07.2016
Other
finance
european union
administrative law
financial institutions and credit

Key points

  • The European Parliament objects to the Commission's regulation regarding technical standards for bank capital requirements.
  • There is a need to ensure that shareholders and creditors contribute at least 8% of total liabilities before resolution funds are used.
  • The regulation should include tests for adjusting recapitalization amounts based on peer groups for large institutions.
  • A strict 48-month limit for the transitional period must be maintained to ensure timely implementation.
Documents (PDFs)
MOTION FOR A RESOLUTION on the Commission delegated regulation supplementing Directive 2014/59/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria relating to the methodology for setting the minimum requirement for own funds and eligible liabilities.
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