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Banks need an authorisation under Articles 77 and 78a of Regulation (EU) 575/2013 (CRR) in order to redeem Eligible Liabilities Instruments . This authorisation framework is further specified by Commission Delegated Regulation (EU) No 241/2014 of 7...
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In December 2023, the SRB launched a public consultation on the future of MREL, which was part of its strategic review to ensure that the SRB remains optimally equipped for the future, building on lessons learned from recent crises in the US and...