Single Resolution Board publishes MREL dashboard Q2.2021
03 December 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.
SRB
© Single Resolution Board
