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03 December 2021

Single Resolution Board publishes MREL dashboard Q2.2021


In percentage of the total risk exposure amount (TREA), the average MREL final target including the combined buffer requirement (CBR) for resolution entities, to be respected by 1.01.2024, stood at 26.04% TREA, broadly in line with the level registered in Q1.2021 (-0.07% TREA).

Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard covering the reporting period Q2.2021.

Key findings:


  • The average MREL shortfall including the CBR reached 0.56% TREA (or EUR 39.7 bn) for resolution entities, reducing from the value of 0.59% (or EUR 41.5 bn) TREA in Q1.2021.
  • The average MREL final target including the CBR amounted to 23.59% TREA for non-resolution entities. The average MREL shortfall including the CBR stood at 2.16% TREA or EUR 42.8 bn.
  • MREL issuances amounted to EUR 69.4 bn (or 1.0% TREA), decreasing by EUR 6.6 bn with respect to Q1.2021, in line with the seasonal pattern.
  • Funding costs remained stable around pre-pandemic levels in the third quarter of 2021.

Documents

SRB



© Single Resolution Board


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