The European Association of Co-operative Bank (EACB) welcomes EBA approach to collect views from relevant stakeholders on its provisional recommendations on the implementation and design of MREL. We take note that some of the recommendations are already based on a profound research, while other stances are reserved with a view to collect more evidence.
This paper sets out the EACB initial reflections on the EBA provisional recommendations on the design and implementation of MREL and gives some first industry insight on this topic.
For the position paper, please click on DOWNLOAD PDF.