The Single Resolution Board (SRB) held its 8th Industry Dialogue in Brussels. The SRB presented on the impact of the Banking Package on SRB reporting, e.g., additional data on internal minimum requirements for own funds and eligible liabilities (MREL) and loss absorbing capacity for resolution planning (set intermediate MREL targets) and monitoring; European Banking Authority (EBA) mandated to draft implementing technical standards (ITS) on templates, to be finalised by around mid-2020. The SRB needs to bridge the gap in the transitional period and will frontload future EBA ITS templates by launching a new data-collection exercise in the transitional period.
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