The Single Resolution Board (SRB) has today published an MREL dashboard which will be followed by regular quarterly reports.
The dashboard is designed to give a comprehensive overview of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) across the banks under the SRB’s remit.
The average BRRD 1 MREL target was equal to 25.6% of the total risk exposure amount (TREA) in December 2019. The MREL shortfall for the groups in the sample was equal to EUR 73.7 bn (1.0% TREA). At the same date, the average BRRD 2 draft MREL targets including CBR were estimated at 25.5% TREA. The corresponding draft MREL shortfall was EUR 82.7 bn (1.1% TREA).
The dashboard includes information provided in the context of the November 2020 edition of the Monitoring Report on Risk Reduction Indicators, prepared jointly by the European Commission Services, the European Central Bank and the Single Resolution Board at the request of the President of the Eurogroup.