EU における TLAC MREL）の適用に関する法案

1 2017 Winter 1EU TLAC MREL 1. 2016 11 TLAC BRRD MREL EU FSB TLAC BRRD MREL 2016 TLAC BRRD 2016 MREL 2 TLAC MREL 2. G-SIB TLAC III CRR CRR2 CRR2 G-SIB TLAC FSB TLAC 18 3. BRRD MREL MREL TLAC TLAC MREL TLAC TLAC G-SIB TLAC MREL 4. CRR2 BRRD EU G-SIB TLAC TLAC G-SIB G-SIB G-SIB 2017 Winter 2I MREL TLAC 2016 11 23 2018 III 2016 1 CRR2/CRD5 1 FSB TLAC total loss absorbing capacity MREL minimum requirement for own funds and eligible liabilities MREL 2 Bank Recovery and Resolution Directive.

2 BRRD FSB TLAC EU TLAC MREL TLAC FSB TLAC MREL 2016 5 delegated regulation BOE MREL 3 Banking Union SRB SNDO MREL MREL 2016 TLAC 4 BRRD 2016 MREL 5 G-SIB TLAC G-SIB BRRD MREL TLAC MREL 1 European Commission, EU Banking Reform: Strong banks to support growth and restore confidence, Press release, Brussels, 23 November 2016. 2 CRRII 2017 2 Directive 2014/59/EU.

3 3 BOE, The Bank of England s approach to setting a minimum requirement for own funds and eligible liabilities (MREL), Responses to Consultation and Statement of Policy, November 2016. TLAC MREL 2017 4 Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions, Towards the completion of the Banking Union, , COM(2015) 587 final. 5 BRRD EBA 11 2017 Winter 3II TLAC CRR2 TLAC FSB TLAC TLAC G-SIB G-SIB EU G-SIB G-SII global systemically important institution TLAC III 6 CRR 7 CRR2 TLAC G-SIB TLAC TLAC MREL BRRD TLAC CRR2 G-SIB TLAC FSB TLAC 18 92a TLAC resolution entity G-SIB G-SIB G-SIB resolution strategy single point of entry; SPE multiple point of entry.

4 MPE SPE MPE SPE MPE TLAC CRR2 TLAC EU EU G-SIB EU 18 90 90 TLAC 92b FSB TLAC TLAC TLAC TLAC TLAC 75 90 6 Regulation (EU) No 575/2013. 7 European Commission, Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposures to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements and amending Regulation (EU) No 648/2012, Brussels, , COM(2016) 850 final.

5 2017 Winter 4 TLAC FSB TLAC 1 CRR2 72b (2) TLAC 1 TLAC TLAC 1 1 72c TLAC TLAC BRRD CRR2 TLAC 2 TLAC 1 CRR2 TLAC CRR2 72b (a)(b)(c (d)(i) (ii) (e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o) BRRD Tier1 2017 Winter 5 2 CRR2 CRR2 72a FSB TLAC)

6 TLAC TLAC subordination TLAC contractual subordination statutory subordination structural subordination TLAC CRR2 72b (2) 3 EU 8 8 EU G-SIB G-SIB 2016 12 TLAC 2016 4 TLAC TLAC G-SIB (a)(b)(c (d)(e)(f)(g)(h)(i)(j) (i) (ii) IT (iii) (iv) (k) (l))

7 1 7 EU 7 2017 Winter 6 BRRD 2017 1 1 9 2016 11 10 TLAC MREL senior un-preferred debt 1 TLAC TLAC TLAC MREL 11 TLAC CRR2 72b (2) (d) resolvability 12 72b (3) 9 EBA, Final Report on MREL, Report on the implementation and design of the MREL framework, 14 December 2016.

8 10 9 11 TLAC MREL TLAC MREL 2017 12 FSB TLAC 1 TLAC TLAC 2017 Winter 7 TLAC 2016 10 TLAC TLAC 13 CRR2 TLAC EBA TLAC III MREL BRRD MREL TLAC MREL FSB TLAC BRRD MREL TLAC 14 MREL TLAC G-SIB TLAC G-SIB BRRD MREL MREL MREL BRRD 15 MREL BRRD MREL BRRD MREL MREL 45 MREL TLAC MREL FSB TLAC G-SIB MREL BRRD 13 Basel Committee on Banking Supervision, TLAC holdings, Standard, October 2016.

9 TLAC 2017 14 MREL TLAC 2016 7 EBA MREL TLAC EU MREL 2016 15 European Commission, Proposal for a Directive of the European Parliament and of the Council amending Directive 2014/59/EU on loss-absorbing and recapitalization capacity of credit institutions and investment and investment firms and amending Directive 98/26/EC, Directive 2002/47/EC, Directive 2012/30/EU, Directive 2011/35/EU, Directive 2005/56/EC, Directive 2004/25/EC and Directive 2007/36/EC, Brussels, , COM(2016) 852 final. 2017 Winter 8 16 45c TLAC TLAC G-SIB BRRD G-SIB TLAC 45c 45d EU G-SIB FSB TLAC BOE MREL G-SIB Pillar1 Pillar2A 2 MREL TLAC 17 MREL MREL TLAC CRR2 TLAC MREL TLAC MREL TLAC MREL MREL TLAC MREL

10 BRRD 16 45c BRRD 17 3 2017 Winter 9 18 BRRD BRRD non-preferred 19 3 3 BRRD BRRD 1 TLAC TLAC TLAC 20 18 European Commission, Proposal for a Directive of the European Parliament and the Council on amending Directive 2014/59/EU of the European Parliament and of the Council as regards the ranking of unsecured debt instruments in insolvency hierarchy, Brussels, , COM(2016) 853 final.