Santiago Fernandez de Lis, Head of Financial Systems and Regulation, BBVA previously presented at our Capital Management Forum 2016. Santiago provided attendees with insights into the needed requirements for loss absorbing capacity: TLAC & MREL. We are pleased to share the presentation slides with you that look into:
1. Why is a loss-absorbing requirement needed?
2. EU loss-absorbing capacity requirement (MREL)
3. MREL & TLAC – “Same dog with different collar”
4. Potential impacts of TLAC/MREL and bail-in