The Single Resolution Board published its Q4 2024 dashboard on the minimum requirement for own funds and eligible liabilities (MREL), reporting that banks under its remit continue to meet their MREL targets. The dashboard tracks external MREL (for resolution entities) and internal MREL (for non-resolution entities), as well as the level and composition of MREL resources for resolution entities, and includes information on funding costs and gross issuance of MREL-eligible instruments. For resolution entities, the average final MREL target including the Combined Buffer Requirement (CBR) was 28% of the Total Risk Exposure Amount (TREA), unchanged from the previous quarter. Total MREL shortfall including the CBR against final targets stood at EUR 0.6 billion (0.01% of TREA), attributed to three banks with transitional periods extending beyond 1 January 2024; all entities required to comply with final MREL targets from 1 January 2024 continued to meet their requirements. Banks issued EUR 60 billion of MREL-eligible instruments over the quarter. Future editions of the dashboard will be published every six months.
Single Resolution Board 2025-06-06
Single Resolution Board publishes Q4 2024 MREL dashboard showing banks continue to meet targets with a EUR 0.6 billion aggregate shortfall
The Single Resolution Board's Q4 2024 dashboard confirms banks under its supervision meet their minimum requirement for own funds and eligible liabilities (MREL) targets. The average final MREL target, including the Combined Buffer Requirement, remains at 28% of the Total Risk Exposure Amount, with a total shortfall of EUR 0.6 billion attributed to three banks with extended transitional periods. Banks issued EUR 60 billion in MREL-eligible instruments during the quarter.