Amendments to the Capital Requirements Directive IV and Capital Requirements Regulation (CRD IV/CRR) proposed by the European Commission. The proposals concern the minimum requirements for equity and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC); they also involve amendments to the EU Bank Recovery and Resolution Directive (BRRD) and the related regulation. The draft legislation will probably be finalised in the first quarter of 2019; the related requirements are not expected to come into force before the beginning of 2021.