The Capital Requirements Regulation (referred to as CRR II - EU Regulation 2019/876) and the Bank Recovery and Resolution Directive (referred to as BRRD II - EU Regulation 2019/879) introduce the Financial Stability Board (FSB) TLAC standard for globally systemically important banks within the European Union (EU), and amended MREL which originally came into force in 2014. 

Following these mandates, the EBA has developed TLAC and MREL reporting and disclosure requirements. Discover the key challenges and requirements in this paper.