This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

EU banks get clarification on ‘output floor,’ Pillar 2 interaction

( January 21, 2025, 14:55 GMT | Official Statement) -- MLex Summary: The European Banking Authority today released an opinion providing clarifications on the interaction between the "output floor" and Pillar 2 requirements, as per its mandate under the Capital Requirements Directive. The document says that "the nominal amount of P2R is not to increase as a result of an institution becoming bound by the output floor." It also highlights the possibility of double counting in setting the P2R of risks already covered by the effects of a binding output floor.Press release follows. Opinion attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections