Today, the SRB publishes a communication on the changes to its MREL policy to be implemented in line with the Daisy Chains Act, which was adopted earlier this year.
This Act allows resolution authorities more flexibility in setting internal minimum requirements for own funds and eligible liabilities (MREL) in banking groups, in order to ensure sufficient loss-absorbing capacity. It also simplifies MREL treatment for liquidation entities and related prior permissions.
In particular, the amendments to Article 12d SRMR introduced by Article 2, points (1) and (2) of the Daisy Chain Act shall apply from 14 November 2024.
Amendments to Regulation (EU) 806/2014 and Directive (EU) 2014/59/EU as regards certain aspects of MREL: Directive (EU) 2024/1174
Contact our communications team
Recent news
SRB Chair Dominique Laboureix is taking part in the Trilateral Principal Level Exercise (TPLE) in Washington on 18 April 2026, joining heads of...
The SRB opens today its first Economic Conference, bringing together policy-makers, banking practitioners and leading academics to discuss key issues...
- Guidance is now aligned with the resolvability self-assessment requirements.
- Update does not introduce new deliverables, but an operational framework...
Related news and press releases
The SRB welcomes the adoption of the Daisy Chains Act by the European Parliament on 27 February. This will allow resolution authorities more scope in...