{
  "node_id": "eu-brrd-amending-directive-2019-879-brrd2",
  "title": "EU BRRD2 Directive 2019/879 - MREL, Subordination & Resolution Planning",
  "domain": "Banking & Global Finance",
  "version": "1.0.1",
  "last_updated": "2026-04-30",
  "bluf": "Directive 2019/879 (BRRD2) amends the Bank Recovery and Resolution Directive (BRRD 2014/59/EU) to implement the FSB Total Loss-Absorbing Capacity (TLAC) standard for G-SIIs and introduce a new Minimum Requirement for Own Funds and Eligible Liabilities (MREL) applicable to all institutions. BRRD2 introduces subordination requirements for MREL-eligible instruments (internal MREL for significant subsidiaries), updated moratorium powers (preventing payments for up to 2 working days), and aligns the BRRD with the SRMR for Banking Union institutions. G-SII TLAC complies with FSB TLAC term sheet: minimum 16% RWA (18% from 2022) and 6% leverage ratio (6.75% from 2022).",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "iso_standard",
      "eu_regulation",
      "us_equivalent",
      "uk_equivalent",
      "global_framework"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "eu-brrd-bank-recovery-resolution-directive-2014-59",
    "eu-single-resolution-mechanism-regulation-806-2014",
    "eu-crr3-capital-requirements-regulation-2024-1623"
  ],
  "primary_citations_count": 5
}