The European Banking Authority (EBA) has published final draft Implementing Technical Standards amending the reporting framework for resolution authorities’ decisions on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) to the EBA. The amendments to Commission Implementing Regulation (EU) 2021/622 would move reporting from an annual to a semi-annual cycle, expand the information captured on discretionary elements applied by resolution authorities when setting MREL, and streamline certain data fields to reduce reporting burden. Targeted updates also align the framework with recent legal changes, including those stemming from Directive (EU) 2024/1174 (the Daisy Chain Directive). The draft standards were developed under Article 45j(2) of the Bank Recovery and Resolution Directive and support the EBA’s work under Article 45l to assess convergence of MREL-setting practices across Member States, and are presented as final draft standards for submission to the European Commission.
European Banking Authority 2025-09-12
European Banking Authority issues final draft standards introducing semi-annual reporting of MREL decisions
The European Banking Authority (EBA) has issued final draft Implementing Technical Standards amending the reporting framework for resolution authorities' decisions on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Key changes include shifting reporting from annual to semi-annual, expanding information on discretionary elements, and streamlining data fields. These updates align with recent legal changes, including the Daisy Chain Directive, and support the EBA's efforts to assess convergence of MREL-setting practices across Member States.