SRB should publish banks’ MREL requirements, says Enria
But market abuse rules need amending to avoid SRB disclosing confidential resolution actions
The chair of the European Banking Authority, Andrea Enria, says the Single Resolution Board should disclose which banks would be bailed in rather than wound up in the event of their failure, as well as the projected level of bail-in capital they would be required to hold.
So far, the UK and Sweden – which are both in the European Union but not in the eurozone – have published details on the projected level of minimum requirements for eligible liabilities (MREL) for individually named banks
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