Single Resolution Board publishes MREL dashboard

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.

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MREL dashboard746.89 KB

About the Single Resolution Board

The Single Resolution Board (SRB) is the central resolution authority within the Banking Union, which at present is 19 eurozone countries, Bulgaria and Croatia. Together with the national resolution authorities it forms the Single Resolution Mechanism. The SRB works closely with the European Commission, the European Central Bank, the European Banking Authority and national authorities. Its mission is to ensure an orderly resolution of failing banks, protecting the taxpayer from state bail-outs, which is promoting financial stability.

Media Contact details

Susan Carroll
Phone: 
+ 32 2 490 3439
Mobile: 
+32 470 96 48 01
Seán De Búrca
Phone: 
+32 2 490 3710
Mobile: 
+32 477 02 87 10
Camille De Rede
Phone: 
+32 2 490 3530
Mobile: 
+32 477 028 530

Contact the Single Resolution Board

Treurenberg 22, 1049 Brussels
Belgium

+32 (0) 2 490 30 00