TLTRO participation weighs on bank MREL ratios

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TLTRO participation weighs on bank MREL ratios

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19 March 2020, Hessen, Frankfurt/Main: Water has settled in the glass welcome sign with a euro symbol at the southern entrance to the headquarters of the European Central Bank (ECB). In the fight against the consequences of the coronavirus crisis, the European Central Bank (ECB) has made 115 billion euros available to the banks in the euro zone in a long-term refinancing transaction. Photo: Frank Rumpenhorst/dpa | Frank Rumpenhorst/DPA/PA Images

Regulatory debt ratios are declining at some euro area financial institutions as a result of their participation in the European Central Bank’s targeted longer-term refinancing operations (TLTROs) this year.

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