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Source: European Banking Authority

Headline: EBA shows banks’ progress in planning for failure but encourages them to issue eligible debt instruments

The European Banking Authority (EBA) published today its first quantitative Report on minimum requirements for own funds and eligible liabilities (MREL) under a new methodology. The report shows that authorities have made strong progress in agreeing resolution strategies and setting related MREL requirements but it also notes that banks need to issue MREL eligible debt to close their shortfall.

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