- Question ID
-
2019_4862
- Legal act
- Directive 2014/59/EU (BRRD)
- Topic
- MREL
- Article
-
45c
- Paragraph
-
3
- COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
- Not applicable
- Article/Paragraph
-
-
- Type of submitter
-
Resolution authority
- Subject matter
-
Reference to provisions governing the access to extraordinary financing in MREL calibration
- Question
-
Is the reference to the provisions governing the access to extraordinary financing (37(10), 44(5) and 44(8) BRRD) a mandatory component of MREL calibration for resolution and non-resolution entities?
- Background on the question
-
For both resolution entities and non-resolution entities, Art. 45c(3) and 45d(3) BRRD states that resolution authorities shall take into account the requirements referred to in Articles 37(10), 44(5) and 44(8) BRRD. The nature of this provision should be clarified, to determine whether it is a mandatory component of the computation, or if it can be disregarded where relevant. The question is also valid for the relevant SRMR provisions.
- Submission date
- Rejected publishing date
-
- Rationale for rejection
-
Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.
If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.
For further information please refer to the press release and the updated Q&A page.
- Status
-
Rejected question