SRB plans to be ‘flexible’ over MREL, reporting deadlines
The Single Resolution Board has said it will offer banks some flexibility around their regulatory reporting deadlines, easing the operational strain on the sector during the coronavirus pandemic. But European banks are looking more clarity on certain elements related to the minimum requirement for own funds and eligible liabilities.
The SRB intends to be more lenient in respect of the submissions it is expecting in the coming weeks and months.In a letter to banks, SRB chair Elke König said the Board would apply a “pragmatic and flexible approach” around requests for information and data it considers to ...
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