minimum requirement for own funds and eligible liabilities (MREL)

What is minimum requirement for own funds and eligible liabilities (MREL)?

minimum requirement for own funds and eligible liabilities (MREL) definition and meaning on Finance terms:
The requirement for all EU credit institutions, with the aim of enabling credit institutions to absorb losses in case of failure. The MREL was issued by the European Commission in the Bank Recovery and Resolution Directive (BRRD). It has the same goal as the total loss-absorbing capacity (TLAC) requirement. However, the specific capital requirements prescribed by the MREL are calculated differently, following criteria set by the EBA. <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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