ECB warns of ‘significant heterogeneity’ in MREL market

Large_small_piggy_banks_Alamy_230x150_211119
By Tyler Davies
21 Nov 2019

The European Central Bank has warned that small banks are falling behind their larger peers as they look to build up buffers for the minimum requirements for own funds and eligible liabilities (MREL), despite operating in advantageous market conditions this year.

In a Financial Stability Review published this week, the ECB noted that there had been a trend towards “strong issuance” of MREL-eligible securities in the capital markets recently.

The latest estimates from the Single Resolution Board suggest that issuance of MREL debt has reached €187bn, about three-quarters of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.