It’s not only the framework, the rules and the technical standards around MREL, but that banks have MREL in their balance sheets is really a very important issue in order to have the banking union moving forward, fulfilling all the expectations. This is really very important for me.
3.1 Gear risk management and governance of institutions to negative scenarios The backbone of a stable, resilient financial sector is the risk management of the institutions themselves. A properly functioning set-up for the monitoring, management and control of internal processes reduces those risks over which banks themselves have some influence.