The SRB publishes today its MREL dashboard for Q2.2024, which shows that banks continue to maintain their targets. MREL, or the minimum requirement for own funds and eligible liabilities, is one of the key tools in resolvability, ensuring that banks maintain a minimum amount of resources to support an effective resolution, based on targets set by the SRB.
The MREL dashboard tracks the evolution of these MREL targets and shortfalls for resolution (external MREL) and non-resolution entities (internal MREL), as well as the level and composition of resources of resolution entities in the quarter. In addition, it highlights recent developments in the cost of funding and provides an overview of gross issuances of MREL-eligible instruments.
Key findings:
For resolution entities, the average MREL final target, including the Combined Buffer Requirement (CBR), was equal to 28% of the Total Risk Exposure Amount (TREA), remaining stable compared to the previous quarter.
In aggregate terms, the total MREL shortfall (including the CBR) against final targets of resolution entities decreased to EUR 3.7 bn (corresponding to 0.05% TREA). All entities which had to comply with their final MREL targets as of 1 January 2024 continue to meet their requirements. The MREL shortfall is attributed to seven banks with transitional periods to meet their final targets beyond 1 January 2024.
Banks under the SRB’s remit overall issued EUR 52.3 bn of MREL-eligible instruments during the quarter under review.
Contact our communications team
Recent news
The Single Resolution Board takes note of the Court of Justice’s dismissal of the appeal brought by ABLV in case C-602/22 P, concerning the SRB’s...
The Single Resolution Board (SRB) publishes today its list of consultations and requests to the industry for 2026, part of its commitment to...
The SRB publishes today its 2026 Annual Work Programme, setting out its objectives and priorities for the year ahead.
In 2026, the SRB will start impl...
Related news and press releases
The SRB today publishes its MREL dashboard for Q4.2024, which shows that banks continue to meet their MREL targets.
The MREL dashboard tracks the...
The SRB publishes today its MREL dashboard for Q3.2024, which shows that banks continue to meet their MREL targets.
The MREL dashboard tracks the...
The SRB publishes today its MREL dashboard for Q1.2024, which shows that MREL targets have been met.
The MREL dashboard presents the evolution of MREL...