Thursday, 11 February 2021| Camille DE REDE
- The average BRRD1 MREL target, in percentage of the total risk exposure amount (TREA), rose by 0.6% from June to September, to 28.6% TREA; the increase was mostly driven by the growth in total liabilities and own funds (TLOF).
- After recording an increase in Q2.2020, the average MREL shortfall reduced to 1.9% TREA in Q3.2020, as the increase in MREL eligible resources offset the growth of MREL targets.
- In Q3.2020, MREL issuances amounted to EUR 50.9 bn, a reduction of 42% (EUR 37.3 bn) in comparison to Q2.2020. Beyond seasonal effects, the availability of central bank funding was among the factors responsible for the pronounced reduction.
- Cost of debt stabilised in Q3.2020 and approached pre-pandemic levels in January 2021.
Contact our communications team
Recent press releases
26 July 2022
Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard for Q1.2022....
13 July 2022
- First time SRB publishes state-of-play for resolvability across the Banking Union
- Good progress made to date on key priorities, especially for...
08 July 2022
- Fund to support bank resolution, paid for by the industry
- Every bank, big or small, operating across the 21-country Banking Union required to pay...