Key regulations: recovery and resolution

Key Attributes of Effective Resolution Regimes for Financial Institutions
Scope: Global | Regulator: FSB | Industry: Banking | Topic: Resolution | Date of publication: October, 2014
Document that requires G-SIFIs to set up a recovery plan at individual level, as well as resolution plans at both the individual and group level.
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Principles on Loss-absorbing and Recapitalisation Capacity of G-SIBs in Resolution and Total Loss-absorbing Capacity (TLAC) Term Sheet November 2015
Scope: Global | Regulator: FSB | Industry: Banking | Topic: Resolution | Date of publication: November, 2015
New requirement for G-SIBs to hold a proportion of liabilities that can be written off or converted to equity in the event of resolution. By January 2022, the TLAC percentage should have reached at least 18% of RWAs and 6.75% of the denominator of the leverage ratio set by Basel III.
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BRRD
Scope: EU | Regulator: EP and Council | Industry: Banking | Topic: Recovery; Resolution | Date of publication: June, 2014
Directive that lays down rules and a standard procedure for the resolution of credit institutions of member States
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BRRR
Scope: EU | Regulator: EP and Council | Industry: Banking | Topic: Recovery; Resolution | Date of publication: July, 2014
Regulation that establishes uniform rules and a uniform procedure for the resolution of credit entities that are established in the participating Member States.
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BRRD II
Scope: EU | Regulator: EP and Council | Industry: Banking | Topic: Recovery; Resolution | Date of publication: June, 2019
Regulation that modifies and updates the BRRD.
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SRMR II
Scope: EU | Regulator: EP and Council | Industry: Banking | Topic: Recovery; Resolution | Date of publication: June, 2019
Regulation that modifies and updates the SRMR
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Minimum Requirements for Own Funds and Eligible Liabilities (MREL) Policy under the Banking Package
Scope: EU | Regulator: SRB | Industry: Banking | Topic: Recovery; Resolution | Date of publication: June, 2020
Policy that adapts MREL requirements to the new framework to ensure that banks maintain a minimum amount of equity and debt to support an effective resolution in line with the new banking package (BRRD2/SRMR2/CRR2/CRDV).
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