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Single Resolution Board publishes MREL dashboard Q2.2021

Press releases
|
Thursday, 02 December 2021
| Maria DIAZ OLIVER

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:

  • 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).
  • 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

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