#BGBl. 2025 I Nr. 344Law on the Implementation of Directive (EU) 2024/1174 amending the Bank Recovery and Resolution Directive and the SRM Regulation regarding certain aspects of the minimum requirement for own funds and eligible liabilities
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This German law implements EU Directive 2024/1174, which amends the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism Regulation (SRMR). It introduces targeted changes to the minimum requirement for own funds and eligible liabilities (MREL) framework. The amendments clarify rules on the subordination of certain instruments, the calculation of MREL for resolution entities and groups, and the treatment of specific liabilities in the resolution process. Published in the Federal Law Gazette on 22 December 2025, the law ensures harmonized application of MREL across the EU banking sector to enhance financial stability and resolution preparedness.
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Key Changes
- Amends BRRD and SRMR regarding specific aspects of the minimum requirement for own funds and eligible liabilities (MREL)
- Clarifies rules on subordination of certain MREL-eligible instruments
- Adjusts calculation methods for MREL for resolution entities and groups
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