Implementing Technical Standards on disclosure and reporting of MREL and TLAC
- Status: Final draft RTS/ITS adopted by the EBA and submitted to the European Commission
These draft ITS on disclosure and reporting of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss absorbency requirement (TLAC) introduce harmonised requirements following an integrated approach and, in the case of disclosures, in line with the Basel Pillar 3 standards. By integrating disclosures and reporting, the EBA seeks to maximise efficiency of compliance with disclosure and reporting obligations by institutions, and to facilitate the use of information by authorities and market participants.