EBU Single Rulebook Q&A 20 October 2015 2015_2438 Application of MREL to entities defined in Article 1(1)

Do entities referred to in Article 1(1), points (b), (c) or (d) also have to comply with the requirement for own funds and eligible liabilities (MREL)? Article 45 (6) (b) of Directive 2014/59/EU (BRRD) states “The minimum requirement for own funds and eligible liabilities of each institution pursuant to paragraph 1 shall be determined by the resolution authority, after consulting the competent