Directive (EU) 2019/879: what it means for Banking & Capital Markets
The Directive (EU) 2019/879 is part of the EU rulebook for banking & capital markets. Its subject matter covers credit institution — core to the sector.
Directive (EU) 2019/879 is on the Banking & Capital Markets rulebook because its official title matches credit institution. Source: EUR-Lex and the European Parliament procedure file; company-specific applicability still depends on your activities.
What the act does
to revise the Minimum Requirement for own funds and Eligible Liabilities (MREL) and implement the total loss absorbing capacity (TLAC) for credit institutions and investment firms. PROPOSED ACT: Directive of the European Parliament and of the Council. ROLE OF THE EUROPEAN PARLIAMENT: the European Parliament decides in accordance with the ordinary legislative procedure and on an equal footing with Council. BACKGROUND: Directive 2014/59/EU of the European Parliament and the Council on the Bank Recovery and Resolution Directive (BRRD) and Regulation (EU) 806/2014 of the European Parliament and of the Council…
Why it matters for Banking & Capital Markets
Banks, investment firms and capital-markets participants operate under the EU's prudential and markets rulebook. These are the core acts in scope.
Directive (EU) 2019/879 sits in that rulebook because its subject matter covers credit institution. Whether — and how — it applies to a given business depends on that business’s activities, products and markets.
Primary sources
The act’s summary is the European Parliament’s own procedure record; the sector connection is the act’s stated subject matter. Lex shows the law and the grounded connection — not legal advice. Data © European Union (Decision 2011/833/EU). Methodology.
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