- 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.
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Recent press releases
On 14 October, the Single Resolution Board brought together industry, public authorities and key stakeholders to discuss how bank resolution delivers...
Today, the Single Resolution Board (SRB) has published its minimum requirement for own funds and eligible liabilities (MREL) dashboard covering the...
Today, the Single Resolution Board (SRB) announced the amount of contributions made by banks to the Single Resolution Fund (SRF) for 2021. All banks...