+8. Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA …
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8. Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA …
Unless otherwise specified, terms used and defined in Directive 2014/59/EU and in the EBA Guidelines on improving resolvability for institutions and resolution authorities under articles 15 and 16 of Directive (Resolvability Guidelines)6 have the same meaning in these guidelines. | Exchange mechanic | Operational steps necessary to execute the write down and conversion of relevant capital instrument or the use of the bail-in tool. A financial instrument issued for the purpose of allowing a conversion from capital instruments and bail-inable liabilities into that instrument, as a first | | Interim instrument | step in the bail-in process and meant to be converted/exchanged after definitive valuation into a definitive instrument, most likely an equity security. |
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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