Resumen de Editorial: : Bail-in's tricky start.
The article discusses issues related to Minium Requirement for Own Funds and Eligible Liabilities (MREL), which is considered as the European transposition of the Total Loss Absorbency Capacity (TLAC) of the Financial Stability Board with significant divergences. Topics discussed include backing of TLAC model by the U.S. and Great Britain, Banking Recovery and Resolution Directive (BRRD) of the European Union and big debt buyback programmes of Great Britain.
