The Single Resolution Board has published its Q3 2024 dashboard on the minimum requirement for own funds and eligible liabilities (MREL), showing that banks under its remit continue to meet their MREL targets. The dashboard tracks the evolution of MREL targets and shortfalls for resolution (external MREL) and non-resolution (internal MREL) entities, alongside the level and composition of MREL resources for resolution entities, and includes updates on funding costs and gross issuance of MREL-eligible instruments. For resolution entities, the average final MREL target including the Combined Buffer Requirement was 28% of Total Risk Exposure Amount, stable versus the previous quarter. In aggregate, the total shortfall against final targets (including the Combined Buffer Requirement) fell from EUR 3.7bn to EUR 0.5bn, equal to 0.01% of Total Risk Exposure Amount, with the remaining shortfall attributed to four banks in transitional periods extending beyond 1 January 2024. Banks under the SRB’s remit issued EUR 64bn of MREL-eligible instruments over the quarter.
Single Resolution Board 2025-02-20
Single Resolution Board publishes Q3 2024 MREL dashboard showing targets met and shortfall down to EUR 0.5bn
The Single Resolution Board's Q3 2024 dashboard shows banks continue to meet their minimum requirement for own funds and eligible liabilities (MREL) targets. The average final MREL target for resolution entities, including the Combined Buffer Requirement, remained stable at 28% of Total Risk Exposure Amount. The total shortfall against final targets decreased significantly to EUR 0.5bn, with EUR 64bn of MREL-eligible instruments issued during the quarter.