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EU Parl Watch

Adopted text, 27 February 2024

Certain aspects of the minimum requirement for own funds and eligible liabilities

Document TA-9-2024-0088 · P9_TA(2024)0088 · PE752.913

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AI:In short

Parliament adopted its first-reading position on a directive amending Directive 2014/59/EU and Regulation (EU) No 806/2014 on the minimum requirement for own funds and eligible liabilities (MREL). The position reflects an agreement with the Council and corresponds to the final act, Directive (EU) 2024/1174. Parliament calls on the Commission to refer the matter to it again if the Commission replaces, substantially amends or intends to substantially amend its proposal.

Key points

  1. Parliament adopts its first-reading position on the proposed directive amending Directive 2014/59/EU and Regulation (EU) No 806/2014 on certain aspects of the minimum requirement for own funds and eligible liabilities.
  2. The position corresponds to the final legislative act, Directive (EU) 2024/1174, following an agreement between Parliament and the Council.
  3. Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.

Who is affected

  • Banks and other entities subject to the minimum requirement for own funds and eligible liabilities under Directive 2014/59/EU and Regulation (EU) No 806/2014.

Legal basis. Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union.

Written by AI from the full text · every figure comes from the text · ¶ opens the paragraph · 26 Sept 2026 · Report a problem

Full text

Text 18 paragraphs

Committee on Economic and Monetary Affairs

European Parliament legislative resolution of 27 February 2024 on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities (COM(2023)0229 – C9-0134/2023 – 2023/0113(COD))

(Ordinary legislative procedure: first reading)

The European Parliament,

–having regard to the Commission proposal to Parliament and the Council (COM(2023)0229),

–having regard to Article 294(2) and Article 114 of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C90134/2023),

–having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

–having regard to the opinion of the European Central Bank of 5 July 2023,

–having regard to the opinion of the European Economic and Social Committee of 13 July 2023,

–having regard to the provisional agreement approved by the responsible committee under Rule 74(4) of its Rules of Procedure and the undertaking given by the Council representative by letter of 20 December 2023 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,

–having regard to Rule 59 of its Rules of Procedure,

–having regard to the report of the Committee on Economic and Monetary Affairs (A9-0344/2023),

Read the rest (6 paragraphs)

1.Adopts its position at first reading hereinafter set out;

2.Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

3.Instructs its President to forward its position to the Council, the Commission and the national parliaments.

P9_TC1-COD(2023)0113

Position of the European Parliament adopted at first reading on 27 February 2024 with a view to the adoption of Directive (EU) 2024/… of the European Parliament and of the Council amending Directive 2014/59/EU and Regulation (EU) No 806/2014 as regards certain aspects of the minimum requirement for own funds and eligible liabilities

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Directive (EU) 2024/1174.)