Interpretation of points (a) and (b) of Article 45a(1)
Do points (a) and (b) of Article 45(3)a(1) state conditions for exemption from the MREL requirement for mortgage credit institutions financed by covered bonds? If so, how can resolution authorities verify these conditions beforehand?
Legal act: Directive 2014/59/EU (BRRD)
COM Delegated or Implementing Acts/RTS/ITS/GLs: Not applicable
ID: 2017_3206 |
Topic: MREL |
Date of submission: 07/03/2017 |
Date of publication: 17/03/2017